MCLEAN, Va. AP - Technology consultant BearingPoint Inc. filed for bankruptcy on Wednesday, saying it had negotiated a "prearranged" bankruptcy plan with lenders that could help reduce its debt load.The company filed for Chapter 11 in the U.S. Bankruptcy Court in the Southern District of New York, with $2.
February 18, 2009 at 12:00 AM
1 minute read
MCLEAN, Va. AP – Technology consultant BearingPoint Inc. filed for bankruptcy on Wednesday, saying it had negotiated a “prearranged” bankruptcy plan with lenders that could help reduce its debt load.
The company filed for Chapter 11 in the U.S. Bankruptcy Court in the Southern District of New York, with $2.23 billion in total debt and $1.76 billion in total assets as of Sept. 30. The filing only includes the company’s U.S. operations.
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