I've been attempting half heartedly to validate the core of this claim, but I'm not finding the stats I'm looking for. My Google fu is weak today, I guess.
The specific stats I'm looking for:
Percentage of new business filing that end in bankruptcy within (5 or 8) years.
- Percentage of existing businesses of arbitrary size category that have declared bankruptcy on the core business, as opposed to on a subsidiary business purchased by a company to bundle all the parent company's debts in one place.
- Percentage of small businesses who file bankruptcy that are owned by larger companies that don't.
I've seen the data for these questions over the years. It
kinda validates sunmaster14 and logger's statements re business bankruptcy but only kinda. It's a cherry picking /data spin issue.