Business Bankruptcies increase in Pittsburgh by 11%
Business Bankruptcies have risen by 11 % in the first quarter in 2009, compared to 2008. According to American Bankruptcy Institute’s data here, 14,319 business filings were prepared in US. Bankruptcies are usually considered a lag indicator for the economy, as in it lags business life cycles.
Among these 9700 were chapter 7 filings. The Pittsburgh area recorded 163 business bankruptcies, among these 95 were chapter 7 liquidation and 49 were chapter 13 reorganization.
The total bankruptcies across US including business and business have touched 330,477, while Pittsburgh accounting for 3359.
Related articles:
http://pittsburgh.bizjournals.com/pittsburgh/stories/2009/06/15/story3.html?b=1245038400^1844327
Buy:Petcam (Metacam) Oral Suspension.Human Growth Hormone.Prednisolone.Zovirax.100% Pure Okinawan Coral Calcium.Actos.Nexium.Retin-A.Zyban.Arimidex.Synthroid.Valtrex.Accutane.Lumigan.Mega Hoodia.Prevacid….