Prepackaged Ch. 11 Filings Skyrocket In 2009: Report

Law360, New York (November 10, 2009, 4:48 PM EST) -- Prepackaged Chapter 11 filings for public companies have risen sharply in 2009, with 30 prepackaged bankruptcies filed to date compared with 10 during the same time in 2008, according to a newly released report.

BankruptcyData.com released its analysis Monday, citing a rise in corporate Chapter 11 filings in general but stressing the dramatic recent increase in prepackaged bankruptcy filings.

There has been a marked rise in prepackaged filings since 2007, when a total of only three prepacks were filed with combined assets of $2 billion, according...
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