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Bankruptcies II - USA - Corporate bankruptcies rise
Kane County,Ill,USA -Kane County Chronicle, by TOM BECKER/Bloomberg News -11 Oct 2005: -- Business bankruptcies rose almost 20 percent at the busiest U.S. courts last quarter as companies such as Delphi Corp. and Northwest Airlines Inc. sought protection from creditors before a new law will force them to accelerate reorganization plans... "Anybody that is thinking about filing a bankruptcy case would be crazy not to take advantage of the old law," said Kenneth Klee, a partner at Klee Tuchin Bogdanoff & Stern in Los Angeles who teaches business bankruptcy at the Univers ity of California at Los Angeles Law School...
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