Bankruptcy Shareholder William H. Schorling Quoted on 2012 Bankruptcy Filings by Philadelphia Business Journal

There were 640 bankruptcy filings in Delaware last year, up from 536 in 2011. That number is likely inflated, Buchanan Ingersoll & Rooney Shareholder William H. Schorling explained in the Philadelphia Business Journal, because Delaware courts include subsidiaries separately.

Both New Jersey and Philadelphia filing numbers were low by comparison – 264 and 120, respectively.

Schorling noted the Philadelphia region’s strength in the life sciences, health care and technology industries – so-called “recession-proof” industries – helped keep companies in business.