Managing Credit, Receivables & Collections

2nd Quarter 2008 Business Bankruptcies Jump—Again Compared with the second quarter of 2007, chapter 7 filings were up a dramatic 62.5 percent while chapter 11s showed an increase of 16 percent and chapter 13s rose 14 percent. For the 12-month period ended June 30, 2008, compared with the same period ended June 2007, chapter 7 filings were up 53 percent; chapter 11s, 29 percent; and chapter 13s, 14 percent. Total business bankruptcies for the second quarter…