5:57 am March 17, 2011, by Henry Unger
The number of bankruptcy filings by small businesses in metro Atlanta fell sharply last year from 2009, AJC staffer David Markiewicz reports.
Filings in the fourth quarter of 2010 dropped to 231, the lowest number for a three-month period since the first quarter of 2008, when there were 226 petitions, Markiewicz writes, citing a new report by Atlanta-based Equifax.
Bankruptcy filings among area small businesses peaked at 425 in the second quarter of 2009, Markiewicz writes. The number last fell below 200 in the third quarter of 2007, when the total was 163.
When the economy turned down late in 2007, the number of small business bankruptcies began to rise gradually, quarter by quarter, Markiewicz reports. They increased every three month period from the summer of 2007 to the summer of 2009, then began a gradual and almost unbroken descent through the end of last year, Markiewicz writes.
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- Henry Unger, The Biz Beat
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