Monday’s mammoth Lehman Brothers Holdings’ Chapter 11 bankruptcy filing has dominated worldwide news—thrusting US Bankruptcy Court proceedings into the international spotlight. While this case certainly is record-shattering, in terms of its colossal size, there was yet another significant marker passed this week. With more than three months still remaining in 2008, this year has exceeded the total number of corporate public Chapter 11 and Chapter 7 bankruptcy filings seen in all of 2007. http://www.bankruptcydata.com reveals that the total count for last year reached just 78 public bankruptcies, and this year has already seen 81 such filings.
Record-Shattering Assets
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