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Friday, January 27, 2012
Maryland business bankruptcies down in 2011
Kevin James Shay ―
Gazette
The number of business bankruptcies in Maryland declined for the second consecutive year in 2011 after increases the three previous years, according to federal bankruptcy court figures.
Some 630 companies filed for bankruptcy in Maryland courts in 2011, down 22 percent from 2010. Last year’s level was about the same as in 2008, but still well above the 352 filings in 2007.
Nationally, business bankruptcies fell a bit less last year than in Maryland, falling 19 percent, according to Alexandria, Va., research group American Bankruptcy Institute and data firm Epiq Systems.
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