Business Bankruptcy Index Up in June, Down From Year Ago

The Bloomberg Business Bankruptcy Index, a gauge of Chapter 11 petitions from companies with debt of more than $100 million, rose 5.5 percent in June to a reading of 71.35 from May and it fell 43 percent from June 2012.

Seven Chapter 11 cases in June involved debt of $100 million or more; the two largest cases were TMT USA and Exide.

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