TribLIVE

| Business


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

Business bankruptcies drop in 9 months

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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. Highmark seeks double-digit increase for more benefits, heavy use
  2. Amid struggles, top fiscal executive to leave EDMC
  3. Consumer, core prices inch up
  4. FedEx investing another $1.2B in growth projects at FedEx Ground in Moon
  5. SEC approves looser mortgage lending guidelines
  6. Air-bag deaths draw scrutiny of Congress as recalls widen
  7. Large-scale batteries are integral in shift to renewable energy
  8. Open enrollment puts varied impact of health care law back in focus
  9. Nervous investors crunch stocks
  10. BNY Mellon profits up in third quarter
  11. U.S. economy a pillar amid global turmoil
Subscribe today! Click here for our subscription offers.