Contact:
Hartgen
(703) 739-0800
MIDDLE-MARKET
BUSINESS BANKRUPTCIES TO SUBSTANTIALLY INCREASE IN 2007, ACCORDING TO
LATEST ABI POLL
size='3'>January 12, 2007, Alexandria, Va.
size='3'>— A strong majority (71 percent) of respondents in a
recent American Bankruptcy Institute online poll agreed that
bankruptcies for middle-market businesses, such as private companies,
family businesses and smaller listed companies, will substantially
increase in 2007. Twenty-seven percent of respondents “agreed
strongly” and another 44 percent “somewhat agreed”
that middle-market business bankruptcies will substantially increase
this year.
Twenty-one percent of
respondents disagreed that middle-market business bankruptcies will
substantially increase in 2007. Fifteen percent of respondents
“disagreed somewhat,” while six percent “disagreed
strongly” that business bankruptcies in the middle market will
substantially increase in 2007. Seven percent did not know or had no
opinion on the issue.
Business bankruptcies were down
in 2006, owing to a strong economy, low interest rates and excess
liquidity via hedge funds and other sources. The decline has led to much
speculation on when the next restructuring “boom” will
occur.
ABI members and members
of the public were welcome to submit their response to the statement:
“Business
bankruptcies in the middle market will increase substantially in
2007.
size='3'>” The latest ABI Quick
Poll was open for voting from Jan. 5 - Jan. 11.
ABI’s weekly Quick Poll
is posted on ABI’s home page,
title='http://www.abiworld.org/' href='http://www.abiworld.org/'>
face='Times New Roman' size='3'>www.abiworld.org
face='Times New Roman' size='3'>. ABI members and the public are invited
to respond to a question on a timely bankruptcy or insolvency issue.
Visit
href='http://www.abiworld.net/quickpoll/'>
size='3'>http://www.abiworld.net/quickpoll/to access the results of previous ABI Quick
Polls.
###
ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to insolvency.
ABI was founded in 1982 to provide Congress and the public with unbiased
analysis of bankruptcy issues. The ABI membership includes more than
11,500 attorneys, accountants, bankers, judges, professors, lenders,
turnaround specialists and other bankruptcy professionals, providing a
forum for the exchange of ideas and information. For additional
information on ABI, visit www.abiworld.org. For additional conference
information, visit
href='http://www.abiworld.org/conferences.html'>
color='#0000ff'>http://www.abiworld.org/conferences.html.