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Posts tagged "Business Bankruptcy"

Annual bankruptcy filings fell in 2013; Chapter 11 by 31 percent

According to data from the American Bankruptcy Institute, the total number of bankruptcy filings dropped last year by 13 percent over 2012. Overall, there were 1,032,326 bankruptcies filed last year; 1,186,137 were filed the year before. The largest percentage reduction was in the number of Chapter 11 business bankruptcies, which fell by 31 percent. The nationwide bankruptcy rate reached a peak in 2007 but has been dropping off each year since 2010.

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