Commercial Bankruptcies Slip 22% in 2012, ABI Reports

Law360, Wilmington (October 3, 2012, 9:40 PM EDT) -- The American Bankruptcy Institute on Wednesday said U.S. commercial bankruptcy filings were down 22 percent in the first three quarters of 2012 against the same span last year, citing persistent low interest rates, though experts say the unusual length of the economic slump and other factors may be at work as well.

According to Alexandria, Va.-based ABI, this year has seen 44,750 business bankruptcy filings through September, compared with 57,613 for the same nine months in 2011. The data, compiled by Epiq Systems Inc., also show...
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