The Disappearing Act Of Ch. 11 Business Cases

Law360, New York (March 29, 2013, 10:28 AM EDT) -- Restructuring professionals historically thrive in “doom and gloom” economic forecasts. This is not surprising based on the nature of the business and the traditionally inverse relationship between the economy and Chapter 11 filings. When the economy faltered, the restructuring professionals were at their busiest cleaning it up. That is why the last two years of the “Great Recession” have been counterintuitive to the bankruptcy professional business model. Economic growth remains slow or at least far below projections, yet bankruptcy filings have dropped beyond what a sluggish...
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