Bankruptcies On The Rise, But No Wave Seen

Law360, New York (April 5, 2007, 12:00 AM EDT) -- After a five-year slump, bankruptcy filings are once again on the rise, according to a company that runs a bankruptcy database.

Jupiter eSources LLC, which operates Automated Access to Court Electronic Records, or AACER, reported 186,788 bankruptcy filings through the first three months of 2007, up around 70% from last year.

Chapter 11 filings did not increase quite so dramatically, but still went up from 1,348 in the first three months of 2006 to 1,360 in the first three months of 2007. Business filings increased from...
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