Despite booming economy, bankruptcy filings on rise

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

Through late June, 83 publicly
held companies sought Chapter 11
bankruptcy protection, vs. 145
for all of 1999, says industry tracker
BankruptcyData.com. At that pace,
2000 will be a record year for
publicly held companies filing for
protection. Filings for private and public
companies rose 26% to 10,071 for
the U.S. Courts' fiscal year ended
March 31, the first rise since 1993.

USA Today

-- spider (spider0@usa.net), July 14, 2000


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