Slowdown in Filings Fuels Competition for Bankruptcy Cases
Something new is hitting the bankruptcy bar: a slowdown. Just two years after the collapse of Lehman Brothers Holdings, the number of businesses filing for Chapter 11 is dropping off. Meanwhile, competition is heating up among firms eager to handle newly filed cases as recent years' large bankruptcy matters wrap up. Business bankruptcy filings nationwide fell 4 percent in the first six months of the year; Chapter 11 business filings fell 17 percent; and Chapter 7 liquidations remained nearly flat.
