The American Bankruptcy Institute and Dow Jones Daily Bankruptcy Review recently conducted a survey of 90 restructuring professionals of whom 71% agree the number of corporate restructurings will spike in the near future.
The respondents disagree on whether the restructurings will begin 6 months from now, 18 months from now or sometime in between. Corporate restructurings may result in mass layoffs which can lead to increased personal bankruptcy filings when the employees laid off are unable to find other jobs.
This entry was posted on Thursday, November 9th, 2006 at 3:38 pm and is filed under Bankruptcy and the Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.