Federal bankruptcy filings plunged 70% last year, the lowest number in 19 years, according to government statistics. Margaret Mann, chair of the Heller Ehrman's restructuring and insolvency practice, attributes the drop to the tightening bankruptcy law that went into effect in 2006 and the rash of last-minute filings in 2005.
April 17, 2007 at 12:00 AM
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