Law360, New York (February 12, 2009, 12:00 AM EST) -- No matter how you measure it, bankruptcy filings are surging. According to BankruptcyData.com, the number of filings among publicly traded companies increased 74 percent in 2008.
The value of these bankruptcy filings grew from $70.5 billion in assets in 2007 to $1.16 trillion in assets in 2008 — a significant jump even if the massive bankruptcies of Lehman Brothers and Washington Mutual are excluded.
In addition, forecasters predict that junk bond defaults will rise from 4 percent in 2008 to 13 percent in 2009.
In these...
Following Sale And Assignment Notices
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
