New Bankruptcy Filings Fell Sharply In 2014

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...

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