February 21, 1992
A record 87,266 businesses failed in the U.S. in 1991, up 43.7%, with insurance, finance and and real estate companies taking the burnt of the hit. Unpaid debts if defunct businesses totaled $108.8 billion last year, a gain of 95.9% from 1990. Falling real estate prices, debt-burdened businesses, tighter credit and bankruptcies from failed leveraged buyouts contributed to the 1991 results. Total U.S. 1990: 60,746 1991: 87,266 Breakdown of percent rise of failed businesses: Pacific: +62.
December 15, 1988 |
Bucking a national trend, business failures increased in Arizona, Nevada, Hawaii and Utah during the first nine months of the year, according to a report released today by Dun & Bradstreet Corp. In California, where the number of shuttered businesses declined during the period, the national trend was upheld, Dun & Bradstreet said. Nationwide, the number of shuttered businesses declined 6.3% from the year-earlier period, the company said.
August 28, 1989 |
Business failures during the first six months of 1989 declined 14.5% to a total of 26,234, a Dun & Bradstreet Corp. report said today. The number of companies filing for reorganization or protection under the U.S. Bankruptcy Code decreased significantly in seven of the nine U.S. census regions, the business information service said. Joseph W.
February 23, 1989 |
U.S. business failures declined 6.6% in 1988 over the previous year, the largest annual drop in a decade, Dun & Bradstreet Corp. reported today. The business-information company said 57,098 businesses went under last year, compared with 61,111 in 1987. "The significant decline in failures underscores the continued strength of the economy, now in its seventh year of expansion," said Joseph W. Duncan, chief economist for Dun & Bradstreet.
November 12, 1985
Failures in the first nine months of 1985 rose to 42,356 from 39,791 in the same period last year, according to data compiled by Dun & Bradstreet. "The increase is directly attributable to a dramatic gain in business failures in the service sector," said Joseph W. Duncan, corporate economist of Dun & Bradstreet. The company said that failures in the service sector through September rose by 24.7% to 12,082 from a year ago.