Bankruptcy Industry Demonstrates Consistently Poor Timing
From the NYT: Debtors Throng to Bankruptcy as Clock Ticks – New York Times
“Everyone expected that there would be this breaking of the levee,” said Samuel Gerdano, the executive director of the American Bankruptcy Institute, an industry research group based in Arlington, Va. “But this is really astounding.”
ouch.
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October 14th, 2005 at 10:15 pm
Kind of reminds me of when Federal regulators were talking about the “flood of relief” coming into new Orleans.