We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Corporate Bankruptcies Tumble By Half In 2010: Report

Law360 (January 10, 2011, 5:18 PM EST) -- Chapter 7 and Chapter 11 bankruptcy filings by public companies fell by more than half in 2010 compared to 2009, with financial and banking companies making up nine of the year's 10 largest bankruptcies, according to information released Monday by BankruptcyData.com.

The research website also reported that the combined total assets for companies entering bankruptcy fell from $594 billion in 2009 to $89 billion in 2010.

BankruptcyData said the decreased total asset figure was especially striking because of the high number of financial filings, which could...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.