More Bankruptcies On The Horizon: Report

Law360, New York (March 19, 2007, 12:00 AM EDT) -- Bankruptcy lawyers received good news on Monday: corporate insolvencies are reportedly expected to increase around the world in the next few months, according to a global survey.

According to information compiled by Reuters, the number of corporate bankruptcies is projected to rise 12% in the United States and 8% in Europe in 2007.

Using information from credit insurance company Euler Hermes, market research firm Global Insight, Standard & Poor’s, Goldman Sachs and industry participants, Reuters determined that the paper and packaging and chemicals sectors were especially...
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