With bankruptcy filings dropping 12 percent at the end of March compared with a year ago, firms specializing in that practice area are looking for ways to make up lost ground.
According to U.S. court data released on Monday, total bankruptcy filings for businesses and nonbusinesses fell to 911,086 from 1,038,280. For business bankruptcy filings alone, the drop was more dramatic—a nearly 17.5 percent decrease to 26,130 from 31,671. That compares with a frenzy of bankruptcies during the recession, when there were 49,077 filings for businesses in 2009 and 61,148 in 2010.
