Survey Finds Free-Fall Bankruptcies Becoming More Rare

The days of crash-and-burn bankruptcies may be flaming out.

An AlixPartners LLP survey released Wednesday found that most restructuring professionals expect that more than 50% of the large companies filing for Chapter 11 in the next 12 months will have at least a semblance of a turnaround plan in place when they enter bankruptcy.

And nearly all those surveyed, 97%, said those so-called prearranged and prepackaged filings have become a permanent part of the bankruptcy landscape.

Read the article at the Wall Street Journal