Good News for Some: Bankruptcy Filings Fall Further

With low interest rates allowing refinancing options, many companies are able to avoid filing for bankruptcy. This allows them to cut costs, save time and preserve management control, said Sam Gerdano, executive director of the American Bankruptcy Institute, an association of attorneys and other bankruptcy professionals. The total number of commercial bankruptcies dropped this February to 3,674 filings, down about 29% from the year earlier period, according to data from Epiq Systems Inc. After an uptick in bankruptcy filings associated with the financial crisis, they are on the down slope. Read More at http://blogs.wsj.com/deals/2013/03/05/good-news-for-some-bankruptcy-filings-fall-further/