Commercial Bankruptcy Filings Continue Downward Spiral

Law360, New York (December 4, 2013, 1:52 PM EST) -- Commercial bankruptcy filings are down 28 percent over this time last year, and overall bankruptcy filings have dropped 15 percent, putting the country on pace for the lowest level of petitions since 2007, according to figures released Wednesday.

The data, compiled by Epiq Systems Inc. and released by the American Bankruptcy Institute, shows that there were 3,055 commercial filings in November 2013, down from the 4,252 filings in November 2012. Overall filings were 74,021 last month, down from the 87,090 filings this time last year....
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