Bankruptcy
Aug. 7, 2014
What's behind the bankruptcy fall off?
Bankruptcy filings are down 12 percent this year. While an uptick in bankruptcy filings is unlikely in a healthy economy, two emerging trends may contribute to more future bankruptcies. By Benjamin Nachimson
Benjamin Nachimson
Woolf, Gafni & Fowler LLPBenjamin specializes in representing companies in bankruptcy and reorganization.
In an improving U.S. economy, the total number of all bankruptcy filings nationwide, for the 12-month period ending June 30, 2014, fell 12 percent when compared to bankruptcy filings for the 12-month period ending June 30, 2013, according to statistics released by the Administrative Office of the U.S. Courts. June 2014 bankruptcy filings, totaling 1,000,083, were the lowest total for bankruptcy filings in any 12-month period since June 2008.
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