Chapter 11 Bankruptcies up 62%

Good post at creditslips.org about the under-reported Chapter 11 bankruptcies.  In 2007, there were 6,200 of these rising to more than 10,000 in 2008.  While the media has focused on the Circuit City bankruptcies, the greater number of them are filed by small businesses.

Chapter 11s Rise 62% in 2008

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