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Friday, October 2, 2009

Commercial bankruptcies are up and now exceed consumer bankruptcies

According to Equifax (and we know how accurate they are ... NOT!), the number of commerical bankruptcies grew in the second quarter and now surpass bankruptcies filed by consumers.

Commercial bankruptcies increased by 208 percent from the first quarter of 2008 to the second quarter of 2009 while consumer bankruptcies only increased by 122 percent in the same time frame. 

I don't know about everyone else, but both increases seem pretty darn big.  The full article can be found here - http://atlanta.bizjournals.com/atlanta/stories/2009/09/28/daily60.html

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