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Expert Analysis

How Bankruptcy Firms Stay Afloat During Ch. 11 Slump

Law360, New York (March 12, 2015, 3:46 PM EDT) -- As any corporate bankruptcy professional can tell you, we are in the lean years of Chapter 11. Chapter 11 bankruptcy filings have fallen by 50 percent during the past five years. According to the U.S. Courts Bankruptcy Statistics, the year ending March 2010 had 13,553 business Chapter 11 filings, whereas the year ending September 2014 had only 6,504,[1] less than half the number of filings during the peak of the financial crisis. Interestingly, the filings for 2008 were 6,274, which is less than last year, demonstrating the cyclical and sometimes counterintuitive correlation between bankruptcy filings and the financial markets....

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