Commercial Bankruptcies Plunged In 2013, New Report Shows

Law360, New York (January 23, 2014, 5:18 PM EST) -- Business bankruptcy petitions continued to shrink in 2013 as 25 percent fewer were filed last year than in 2012 thanks to more easily accessible credit, according to a report released Thursday.

The overall trends of commercial bankruptcies in 2013 fall in line with what experts have been predicting — that companies are less inclined to seek bankruptcy as a result of low interest rates and widespread belt-tightening, according to the report.

“Most experts feel that low interest rates, combined with the ongoing perception that bankruptcy...
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