Business Bankruptcy Filings Soar

Summary


The number of bankruptcies involving primarily business debts soared last year, according to figures released by the federal judiciary.

In 2009, 58,721 business bankruptcy cases were filed in federal courts, a 52 percent increase over 2008. Meanwhile, the total number of bankruptcy filings increased by 35 percent during the same period.

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Extract


Business Bankruptcy Filings Soar

Last year saw the greatest number o...

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