Businesses File Bankruptcy!

You may not believe this, but it’s true.  In the month of April 2008 business filed for bankruptcy protection the most since the new law went into effect in 2005.  This is based by Jupiter eSources that runs a database called Automated Access to Court Electronic Records.  According to their data, the numbers show 49% increase in bankruptcies compared to last year’s numbers.  The break down comes to 235 daily filings in the month of April.  Last your numbers show 158 fillings for the month of April.  For the most part, these businesses are unable to get credit and sales of products are down.

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This entry was posted on Thursday, May 8th, 2008 at 12:16 pm and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.