Business Bankruptcies Continue to Decline
by Joel R. Glucksman on August 13, 2013
Americans have been inundated as of late with news relating to several high-profile
business bankruptcies, suggesting that more companies are continuing to struggle as the economy makes its slow recovery. Despite the heavy coverage, a new report indicates that the number of companies seeking bankruptcy protection is actually falling.
New Generation Research, a unit of Bankruptcydata.com, reports that corporate
bankruptcy filings are down 30 percent so far in 2013, compared to where they were at
this point in 2012. The latest research suggests that the downward trend of business
bankruptcy proceedings that has taken hold over the last four years may continue into the future as the economy strengthens. The findings reveal that bankruptcy filings in the
second quarter of 2013 declined 35 percent from where they stood during the same period in 2012.
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