North Georgia business bankruptcy filings surge
Business, Commercial Property, Real Estate | (0)
From the Atlanta Journal and Constitution:
The popped housing bubble and crushed credit market have pushed record numbers of North Georgia businesses into bankruptcy court this year.
Chapter 11 filings are up between 50 percent and 70 percent over all of last year, depending on how they’re counted.
They’re also up significantly from any of the past 20 years — and there are almost 10 weeks left in 2008.
As of Friday, 283 companies and their affiliates had filed for Chapter 11 protection from creditors in Georgia’s Northern District, which has offices in Atlanta, Gainesville, Newnan and Rome.
Jeffrey Kelley, head of the bankruptcy practice at ...
