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US Business Bankruptcies Dropped 24 Percent in 2013

Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday.   Overall, bankruptcies by businesses and individuals combined fell 13 percent, said the report, released by the American Bankruptcy Institute.   Bankruptcy filings by businesses and individuals spiked as the United States entered recession in 2007. The numbers have fallen steadily in recent years as the U.S. Federal Reserve has...

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