It’s official: Federal bankruptcy filings have fallen to their lowest levels since 2008, according to data released last week by the Administrative Office of the U.S. Courts.
The number of business bankruptcies for the 12-month period ending September 30, 2012, plummeted 16 percent when measured against the same period last year, marking the third straight year of decline. While that may be an encouraging sign for the U.S. economy, the numbers are grim for the debt relief industry, which could soon see another large restructuring assignment end.
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