As the
effects of the recession continue, many businesses ponder the questions
of how long the recession will last and how the company will weather the
storm. The level of business bankruptcy filings can be a valuable trend
indicator and input to business planning in these turbulent times.
The most recent trends in St. Louis area business bankruptcy filings are
summarized below.
Second Quarter of 2009
The number of St.
Louis area business bankruptcy filings rose 29.3 percent in the second
quarter of 2009
St. Louis area business
bankruptcy filings in the 12 months ended June 30, 2009 rose 33.9 percent from the prior 12 months ended June 30, 2008
St. Louis area business
bankruptcy filings rose 29.3 percent compared to an 11.8 percent
rise in total U.S. business filings in the
second quarter of 2009
St. Louis area business
bankruptcy filings in the 12 months ended June 30, 2009 rose 33.9 percent
compared to a 62.7 percent rise in total U.S. business filings from the 12 months ended June 30, 2008
The above business bankruptcy trends
are based on bankruptcy filings
involving business debts. Non-business bankruptcy filings (also called
personal or consumer bankruptcy filings) involving primarily consumer
debts are not included in the above trends. St. Louis area business
bankruptcy filing data are filings in the U.S. Bankruptcy
Court for the Eastern District of Missouri with divisions covering St.
Louis, Cape Girardeau and Hannibal, Missouri - the majority of the
filings occurred in St. Louis. Total U.S. business bankruptcy filing
data are the total filings in all U.S. Bankruptcy Court Circuits and
Districts. Source data are from the Federal Judiciary Administrative Office of the
U.S. Courts as of June 30, 2009.
