Oregon Bankruptcy Lawyer Talks About a Rise in Business Bankruptcy Filings
My bankruptcy practice mostly deals with personal (consumer) bankruptcy filings, both Chapter 7 and Chapter 13 cases. However this article details the other side of the filing spectrum, business bankruptcy. In total, business filings have increased by over 60% from 2008 numbers. This includes over one hundred percent increase in Chapter 11 filings and about a 50% increase in Chapter 7 business filings. These numbers probably don't include the many thousands of small business owners who are not corporate or partnership entities or who choose to file under the personal bankruptcy sections. Either way the numbers are not good for our economy and business in general. Hopefully the acceleration in bankruptcy filings will wane going into the fall and we can see a rebound in the Oregon business climate.
If you have any questions regarding either a personal bankruptcy filing in Chapter 7 or Chapter 13 or a business bankruptcy filing please contact our office. One of our bankruptcy lawyer's will be happy to set up a no-cost consultation to go over your options and see if a bankruptcy is right for you.
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Oregon Bankruptcy Lawyer Talks About a Rise in Business Bankruptcy Filings
August 24, 2009
