Even With Bailout, Bankruptcy Boom Far From Over

Law360 (September 23, 2008, 12:00 AM EDT) -- Three days after the U.S. Treasury Department proposed a $700 billion bailout plan to restore liquidity to the nation's financial markets, questions have emerged over how the plan would impact the number and rate of Chapter 11 bankruptcy filings.

As congressional leaders met Tuesday to mull the details of the plan, speculation increased among bankruptcy experts and attorneys who say the bailout will not free up the amount of capital that is required to restore market confidence and the funding necessary to keep corporations afloat....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.