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Commercial Chapter 11 Bankruptcy Filings Decrease Annually, But...
Commercial Chapter 11 Bankruptcy Filings Decrease Annually, But...
Authored by Naveen Athrappully via The Epoch Times,
There were 666 commercial Chapter 11 bankruptcy filings made in the United States in July, a 27 percent drop from a year ago, according to the American Bankruptcy Institute (ABI).
Chapter 11 bankruptcy allows a business to reorganize its debts so it can continue operating and eventually become solvent. In addition to a decline in Chapter 11 filings, overall commercial bankruptcy filings declined in July, falling by 8 percent year over year, ABI said in an...
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