Bankruptcy Practice: Akin Gump

Law360, New York (July 15, 2008, 12:00 AM EDT) -- Corporate bankruptcies remain at relatively low levels, but problems in the credit markets will catch up to companies, bringing about a sharp rise in reorganizations — both in and out of court — at the end of 2008 and the beginning of 2009, says Daniel H. Golden of Akin Gump Strauss Hauer & Feld LLP's financial restructuring practice.

Problems in the U.S. housing market laid the foundation for a spate of bankruptcy filings by homebuilders, Golden said, making it likely that private equity will step in...
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