Bain executive: More corporate bankruptcies in 2009

Sam Rovit, head of Bain & Company's corporate-renewal group, expects bankruptcies to increase next year. The financial-consulting firm is predicting 75 corporate bankruptcies this year and said the figure would jump to 105 in 2009. "The big question is going to be whether the economy goes into recession," Rovit said. "Our forecast is low growth as opposed to recession."

New York Times/Dealbook, The | 07/31

This story published in SIFMA SmartBrief on 08/01/2008

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