Bankruptcy Filings Continue To Decline
Overall, only 27,333 businesses sought bankruptcy protection for the fiscal year ending Sept. 30, 2006, compared with 34,222 in fiscal year 2005. The number of Chapter 11 cases, meanwhile, fell from 6,637 to 6,003.
What makes the statistics more startling is that there was a huge influx of bankruptcies in the first few...
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