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

Business Bankruptcy Filings Continue To Rise

Law360 (June 28, 2007, 12:00 AM EDT) -- The number of businesses seeking bankruptcy protection has risen steadily over the past 15 months, a trend that may continue if the liquidity from private equity that has kept some troubled companies afloat dries up.

Statistics released by the Administrative Office of the U.S. Courts show that 6,280 businesses filed for bankruptcy in the first quarter of 2007 representing more than a 50% increase from the analogous period in 2006, when there were 4,086 filings. But while the number of corporate bankruptcies has been increasing over...
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.