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Business & Economy - Jay Westbrook  RSS

  • Professor looks at the decline in bankruptcy loans

    By Robin Gerrow
    Published: Jan. 27, 2009
    Professor

    With the economy rapidly deteriorating, thousands of companies are rushing to bankruptcy court in a last-ditch attempt to reorganize and improve their fortunes. Trouble is, their main source of cash is quickly evaporating. Loans to companies in bankruptcy, known as debtor-in-possession financing, have dropped from $7.9 billion in the second quarter of 2008 to $2.9 …

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