New bankruptcy ripples may emerge in tough economy
Date: 2011-10-11T07:29:32.693
Author: AAA Staff
Editor note: Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.
Companies in a range of businesses, including hair salons, restaurants, renewable energy, and the paper industry, have tumbled into Chapter 11 in the past few months.
Teaser: Some bankruptcy and restructuring experts warn a fresh U.S. recession could trigger a string of failures to rival the one that followed Lehman Brothers, which in 2008 filed the biggest bankruptcy in U.S. history. "I think 2012 will be a busy year and 2013 and 2014 will be extraordinarily busy years in restructuring" said Jay Goffman.
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View original artilce: http://www.reuters.com/article/2011/10/11/us-bankruptcy-idUSTRE7995RH20111011
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