Steady Bankruptcy Stats Belie Growing Business Woes

Law360, New York (November 8, 2010, 7:22 PM EST) -- While the overall statistics on business bankruptcy filings during the 12-month period ending in September remained roughly comparable to those from the previous year, general business distress has grown in ways not captured by the statistics, which ignore out-of-court resolutions and other significant changes in the market, attorneys told Law360.

Business bankruptcy cases filed in federal courts for fiscal year 2010 totaled 58,322, compared with 58,721 during the previous year, but attorneys said they have seen a notable increase in business distress over this time, as...
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