Adversary Cases Rise Amid Drop In 2011 Bankruptcy Filings

Law360, New York (March 19, 2012, 8:04 PM EDT) -- While business bankruptcy filings fell 14 percent in fiscal year 2011, a notable exception was filings of adversary proceedings, which increased in this climate by 8 percent, according to a study released last week by the Administrative Office of the U.S. Courts.

That jump is part of a general trend over the past five years, which saw a 51 percent increase in adversary proceedings that is likely the result of the 150 percent surge in Chapter 11 petitions filed from 2007 to 2009. According to the...
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