Corporate Bankruptcies To Rise Steadily Through 2010

Law360, New York (November 19, 2008, 12:00 AM EST) -- The economic crisis sparked a surge in corporate bankruptcy filings in 2008, while credit conditions also forced more companies to resort to quick, nontraditional bankruptcies, both trends that attorneys predict will continue until at least 2010, according to the 2009 Law360 Litigation Almanac.

With the epic Chapter 11 filing of Lehman Brothers Holdings Inc. in September, as well as the succession of filings by retailers such as Sharper Image Inc., Linens 'N Things Inc. and Circuit City Stores Inc., more companies filed for Chapter 11 protection...
To view the full article, register now.