The Economy May Be Coming Back, But First Comes More Bankruptcies

by Benjamin Domenech on 8:30 am July 31, 2009

Even as “economists see signs the economy is slowly improving,” a wave of bankruptcies are expected from “firms walloped by the recession and credit crisis,” and it’s massive: “too many firms are loaded up with too much debt to survive the next year without defaulting on their debt obligations and filing for bankruptcy protection.”

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