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Emerging Trends in Bankruptcy

1/28/2008 3:19:46 PM EST

Commercial Bankruptcy

Posted by AME3bg

The economic slowdown that began early in 2007 will continue to increase companies’ bad debts and risks and was predicted to result in 30,000 business bankruptcy filings for 2007, a 51% increase over 2006. As a result, midsized and large law firms are growing their bankruptcy departments in anticipation of growth in restructuring work.

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