Spike In Corporate Bankruptcies On The Horizon

Law360, New York (July 27, 2006, 12:00 AM EDT) -- Low interest rates and a glut of available money have drastically driven down the number of Chapter 11 filings since 2002. But that trend isn’t sustainable, experts say, which means that a flurry of corporate bankruptcy filings is inevitable.

“It looks like there’s going to be a big wave of bankruptcy cases,” said David Skeel, scholar in residence at the American Bankruptcy Institute and a law professor at the University of Pennsylvania. “I tell my students this is probably a good time to get into a...
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