Bankruptcy Filings Drop In 2012, But Attys See More Ahead

Law360, New York (November 08, 2012, 7:56 PM ET) -- Federal bankruptcy filings fell sharply in 2012 for the third straight year, but attorneys warn the trend may be short-lived, as a looming showdown in Congress over the fiscal cliff and other factors lay the groundwork for a new wave of cases.

In the fiscal year that ended Sept. 30, there were about 1.2 million bankruptcy filings in federal courts, marking a decline of 14 percent from last year, according to data released Wednesday by the Administrative Office of the U.S. Courts. Chapter 11 cases fell...
To view the full article, register now.