Business Bankruptcies Fall 22% So Far in 2012, ABI Says
This article is for subscribers only.
U.S. commercial bankruptcies fell 22 percent in the first nine months of 2012 compared with the same period a year ago, continuing a trend that began as early as January, the American Bankruptcy Institute reported.
Businesses filed 44,750 bankruptcies from January through the end of September, while 57,613 were filed in the first nine months of 2011, Alexandria, Virginia-based ABI said in a statement today. The drop is attributable in part to low interest rates, ABI Executive Director Samuel J. Gerdano said in the statement.