Business Services Industry
At Deadline. (Late News).(brief articles discuss various business developments in New York City)(Brief Article)
Crain's New York Business, December, 2002
Business bankruptcies soar in third-quarter business bankruptcy filings in the court of the Southern District of New York more than doubled in the third quarter, according to data from the American Bankruptcy Institute. The number of companies filing for bankruptcy in Manhattan's court surged to 430 from 190 in the year-earlier quarter.
Nonbusiness filings grew by 21.2%, to 3,745, in the latest quarter. In the 12-month period ended Sept. 30, business bankruptcies filed in the Southern District rose 37%, to 1,635 from 1,194 in the year-earlier period. Nonbusiness filings grew 8.2%, to 14,279. CSFB sells Hotel Wales; 4 others on market two years after putting its portfolio of five Manhattan boutique hotels on the market, Credit Suisse First Boston has found...
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