UPDATE: 9/8/11, 10:20 a.m. EDT. A Swedish court has rejected Saab Automobile’s bankruptcy application for protection from creditors, according to The New York Times.
The volatility that continues to roil the capital markets may be bad for investors, but it’s been good to bankruptcy lawyers in the United States and abroad. After a months-long drought of major filings, the late-summer stock market swoon has coincided with moves by several large companies to seek refuge in bankruptcy court—and more such filings could be on the way.
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