Chapters 7 and 11

According to this New York Times article, bankruptcy filings in New York City, New Jersey, and Connecticut are increasing at a faster rate compared to other parts of the United States. Additionally, the NYC courts filed 36 percent more filings during 2008's 3rd quarter compared to the third quarter of 2007.

From the article: 'Bankruptcies among businesses are likely to continue piling up for months, said Michael P. Richman, chairman of the bankruptcy practice group in the Manhattan office of Foley & Lardner, a law firm.
"A lot of us in the profession believe that once we get through the Christmas and holiday shopping season, that there will be a literal wave of new Chapter 11 cases, largely in the retail arena,” Mr. Richman said. “We’re going to see a continued increase on a regular basis for a long period of time, a period of time that’s going to outlast the recession, I think, for years." '