Ch. 11 Filings Soar In August Amid Credit Crisis
Last month, Chapter 11 filings increased by 38 percent to 1,082 filings, up from 786 filings in July, according to an Automated Access to Court Electronic Records report.
The August numbers mark a significant departure from rates that have typically hovered in the range of 700 to 790 new filings per month throughout the past year.
Retailers, especially those in...
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