Monday, November 13, 2006

Wave of corporate bankruptcies seen on horizon

Corporate bankruptcy filings, subdued by the high availability of credit in recent years, should hit courts in a wave within the next six to 18 months, according to a report released this week.The survey said 70.7 percent of 90 respondents expect "the next big wave of restructurings" is on its way, according to an analysis by the American Bankruptcy Institute and Dow Jones' Daily Bankruptcy Review.

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