Recession Aftershocks To Bring More Filings In 2010

Law360 (January 2, 2010, 5:29 PM EST) -- The torrent of bankruptcies in 2009 is unlikely to let up in 2010, with the deluge expected to continue as the economic crisis trickles down to the retail and commercial real estate sectors and as media companies struggle to monetize their product amid a changing technological landscape, experts said.

In the first 11 months of 2009, 82,000 commercial bankruptcies were filed, according to the Bankruptcy Database Project at Harvard University, and those numbers are only expected to rise, despite signs that the economy is starting to bounce back.

"For 2010, you may not have the splash of crashes and the fraud...

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