Law360, New York (March 11, 2015, 5:55 PM EDT) -- U.S. bankruptcy cases have fallen sharply over the past 10 years, a trend that’s highlighted by a 20 percent drop in filings by businesses last year and that runs counter to the recent overall spike in civil litigation, court officials said Tuesday.
The statistics, released Tuesday by the Administrative Office of the U.S. Courts, show a downward trend in bankruptcy filings over the past decade. But the office declined to blame the dip on a particular factor, stressing that it is not necessarily reflective of broader economic strength.
"The complex relationship between bankruptcy and other economic indicators — including unemployment and...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!