Outlook For Bankruptcies In 2009

Law360, New York (December 3, 2008, 12:00 AM EST) -- Although corporate bankruptcies surged in 2008, bankruptcy attorneys expect to see more filings in 2009 than in any year in recent memory, as companies across all sectors react to the global economic crisis.

While no particular industry is expected to be spared from pending economic turmoil in the new year, the retail and automotive industries will continue to top the list of markets impaired by the credit crunch and decrease in consumer spending.

In addition, attorneys anticipate that the trend for liquidations and quick asset sales...
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