Bankruptcy Filings are So 1996

Good piece in the NYT on the changing nature of bankruptcy filings. A combination of fewer banks at other end of the filing, and more cash-starved hedge funds and the like, plus less debtor-in-possession financing, means that a growing number of Chapter 11 filers in the U.S. are now going straight to liquidation.

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More here.


Originally published at Paul Kedrosky’s blog and reproduced here with the author’s permission.