Business bankruptcies up 23% in March

“The number of businesses seeking bankruptcy protection hit its highest level in more than two years in March, as the recession sends   more companies into financial crisis.

The 7,843 commercial bankruptcy filings last month represent a 23.2% jump from the 6,365 filings in February. It’s also the highest monthly total of business filings since at least 2006, according to Automated Access to Court Electronic Records, or AACER.”

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