Posted by Kaitlin LanierArticle by Catherine Holahan
The B-word is in the headlines like never before. There were 7,843 commercial bankruptcy filings in March, according to AACER, a bankruptcy data management company. That's up 23% from the previous month and a staggering 65% from a year earlier. And the number of filings is accelerating.
"Bankruptcy typically has a lag behind what is going on in the marketplace," says Mike Bickford, the president of AACER, or Automated Access to Court Electronic Records. "So I think you are going to see increases in bankruptcy. . . at least over the next 12 to 18 months."
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currently we can see lots of companies going bankrupt. therefore we need to stay updated on these types of situations in order to get the best from our financial deals accordingly.
ReplyDeletethanks for sharing