All Articles Tagged As: bankruptcy
The rates of personal bankruptcies have declined among young people while soaring among older Americans, a new study shows.
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People who file for bankruptcy eventually recover financially compared to those who never had to file - but it takes a long, long time.
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With the recent wave of highly leveraged private equity deals and the current problems in credit markets, market observers are now predicting a sharp increase in corporate defaults, with possibly serious spillover effects. But thanks to changes in workout and bankruptcy practices in the U.S. and abroad during the last two decades, the prospects for preserving the values of financially distressed companies are greatly improved.
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