Commercial Chapter 11 Bankruptcy Filings Decrease Annually

There were 666 commercial Chapter 11 bankruptcy filings made in the United States in July, a 27 percent drop from a year ago, according to the American Bankruptcy Institute (ABI). Chapter 11 bankruptcy allows a business to reorganize its debts so it can continue operating and eventually become solvent. In addition to a decline in [...] The post Commercial Chapter 11 Bankruptcy Filings Decrease Annually appeared first on CBNC .