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Outlook For Bankruptcies In 2008

Law360 (December 17, 2007, 12:00 AM EST) -- With an expected huge wave of filings, bankruptcy lawyers are preparing for a watershed year in the turnaround and restructuring industry.

While the mortgage industry tops the list of distressed markets, the lender meltdown is expected to have ramifications far beyond this sector alone. Retail, particularly home-based businesses, and other industries will struggle to remain afloat in the face of tightening credit and deteriorating consumer confidence.

Here, Bankruptcy Law360 takes a closer look at the year ahead and examines the factors that are likely to shape...
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