Business bankruptcies drop in 9 months
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Demand for surveillance systems boosts sales for Vector Security
- Fed slashes its emergency power options in crisis
- Pennsylvania Game Commission reaps revenue from shale gas under game lands
- Stocks dip on lower holiday spending fears
- IMF adds China’s yuan to basket of top currencies
- Distractions can help keep riders alert in self-driving cars, study finds
- Cyber Monday increasingly a ‘blah-iday’ as deals rolled out earlier, longer
- Energy Spotlight: Minking Chyu
- Yahoo investors losing patience with ‘star’ CEO Marissa Mayer