Six so-called prepackaged bankruptcies, which companies prepare with creditors to take effect after bankruptcy, were filed in the first quarter of 2009, compared with four in 2008, according to credit and debt rating giant Standard & Poor’s (S&P).
The BankruptcyData.com division of New Generation Research Inc. in Boston, which also tracks bankruptcy filings, noted an upward trend but counted a different number of cases. According to BankruptcyData.com, a dozen prepacks were filed in 2008 and eight in 2009 through the end of April.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
