ESTATE


WOW || S.C. business bankruptcies up 86% last year
2009/04/07, 3:12 pm
Filed under: 1 | Tags:

GREENVILLE — Bankruptcy filings by businesses increased 86% last year in South Carolina, according to report released last week by the Administrative Office of the U.S. Courts. Greenville County led the state in business bankruptcies filed last year with 52, up from 30 the year before. Statewide, business bankruptcies increased from 144 to 268. Total bankruptcy filings in South Carolina increased 14% last year to 8,502. Richland County reported the most with 901. Nationally, bankruptcy filings increased at an even steeper rate, 31% last year to 1.1 million. South Carolina attorneys previously reported increases in filings from automotive suppliers, real estate developers, car dealerships, hotel operators and others in the hospitality industry. Local lawyers also said they’ve seen more companies close, rather than reorganize, as it’s become harder in the current economy to find buyers for their businesses. Here’s a look at business filings in select counties: County 2008 filings 2007 filings Greenville 52 30 Richland 30 13 Charleston 22 15 Lexington 20 9 Spartanburg 16 10 Anderson 10 4 Berkeley 5 6 Dorchester 5 1 Here’s a look at total bankruptcy filings by select counties: County 2008 filings 2007 filings Richland 901 806 Greenville 771 665 Lexington 539 484 Charleston 496 419 Spartanburg 475 439 Berkeley 383 290 Dorchester 336 256 Anderson 267 214 Published April 7, 2009

http://www.scbizmag.com/content/view/114463/1/

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: