Bankruptcy Pros See Business Looking Up In 2013, Weil Says

Law360, Wilmington (February 20, 2013, 8:34 PM EST) -- Restructuring professionals are generally optimistic that business will improve in 2013, with the retail sector again expected to top the list of industries in distress and the outlook for $1 billion-plus mega-bankruptcy filings remaining in line with last year’s results, according to a survey released Wednesday by Weil Gotshal & Manges LLP.

The survey — which took the title “Above All, Don’t Lose Hope” from the hit film “Life of Pi” — polled nearly 100 bankruptcy and restructuring pros to create a barometer of the community’s...
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