Saturday, April 3, 2010

Bankruptcy Cases Up 20% in March

Commercial bankruptcies signals the significant dichotomy in the country between smaller non-government connected firms versus the connected Goldman Sachs type firms.

The total number of companies filing for bankruptcy in the US jumped by more than 20 percent in March over the previous month, according to NyPo.

The number of commercial bankruptcy filings hit 8,208 in March, a sharp rise from February's total of 6,655, according to new data from Automated Access to Court Electronic Records.

March's total brings the number of commercial bankruptcies to 21,453 so far this year, almost 1,000 more than the total for the first quarter of 2009, which was a record year.

No comments:

Post a Comment