Bankruptcy
Nov. 11, 2011
Corporate bankruptcies boom in California
The Central District especially is experiencing a boom in Chapter 11 bankruptcies, even as these so-called corporate bankruptcy filings decline throughout the rest of the country.
Daily Journal Staff Writer
As corporate bankruptcy filings decline across the country, Southern California is one outlying hot spot where filings continue to spike.
Ten percent of all Chapter 11 cases in the past year were filed in the Central District - the highest volume in the country.
Possible reasons behind the surge are complex and varied, according to bankruptcy lawyers. In addition to a lingering hangover fro...
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