TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Business bankruptcies drop in 9 months

By Steven Church C.2012 Bloomberg News
Thursday, Oct. 4, 2012, 12:01 a.m.
 

Commercial bankruptcies fell 22 percent in the first nine months of 2012 compared with the same period a year ago, continuing a trend that began as early as January, the American Bankruptcy Institute said.

Businesses filed 44,750 bankruptcies from January through the end of September, while 57,613 were filed in the first nine months of 2011, Alexandria, Va.-based ABI said. The drop is attributable in part to low interest rates, Executive Director Samuel J. Gerdano said in the statement.

Total filings fell 14 percent to 921,000, ABI said. Noncommercial filings, most of which are filed by consumers, fell 14 percent to about 876,000.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. News out of Europe, Syria batter stocks
  2. Sears leaving Century III after 3 decades in West Mifflin
  3. MarkWest fined $150,000 for gas flaring at Washington County plant
  4. Coal gathering opens with dour assessment, political vitriol
  5. Finleyville maker of luxury kids’ structures learns from housing bust
  6. Balancing gas pipeline expansion, environmental unease a problem in Pa.
  7. Existing home sales fall in August, snapping streak of gains
  8. Hospitals turn to technology to tear down language barriers with patients
  9. Stocks slip on China growth jitters
  10. Treasury plans steps to curb tax inversions
  11. Symposiums to spotlight Pittsburgh’s role as an energy powerhouse
Subscribe today! Click here for our subscription offers.