Hugh J. Gorman III Quoted in Boston Business Journal Regarding Status of Recent Bankruptcy Filings in Massachusetts January 5, 2012
to the article, Chapter 7 filings fell 18 percent in 2011, while Chapter 11
filings were relatively flat from the prior year. Hugh Gorman, a partner in the
firm’s Litigation Practice Group, said that the economy will determine whether
the number of Chapter 11 filings stays flat in 2012 or sees a drastic increase.
“Many business have been doing whatever they can to weather the storm of the
current economic times and to stay out of the bankruptcy courts,” he said. “These
efforts may not be sustainable. In the event positive economic changes fail to
take hold in the first quarter of 2012, you will see additional business
failures and Chapter 11 filings.”
the link below to view the complete article, which originally appeared in the
December 30, 2011 – January 5, 2012 edition of the Boston Business Journal.