Corporate Bankruptcy Filings Drop
(July 27th, 2006 under New Bankruptcy Law )
As most of us know, filings are down generally and, for those of us who work primarily in the reorganization process, they are at a 6 year low. In reviewing the Table F-2 U.S. Bankruptcy Courts Business and Nonbusiness Bankruptcy Cases Commenced, by Chapter of the Bankruptcy Code, During the Three Month Period Ended March 31, 2006, the total cases filed for "Total Business Filings for Chapter 11" are 1,291 for the quarter, dropping to their lowest level in six years, a 15% decline from last March (which was not a strong year either).
You can review all of the statistical information at the following address and then scroll down to Quarterly Filings and click on March 2006.
http://www.uscourts.gov/bnkrpctystats/statistics.htm#quarterly
Michelle
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This entry was posted
on Thursday, July 27th, 2006 at 3:49 pm and is filed under New Bankruptcy Law .