Banking

Managing Environmental Risk With Bankruptcy

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Executive Summary

During the 12 month period ending September 30th 2008, the rate of businesses filing for Chapter 11 Bankruptcy protection increased by 49% over the prior year according to the Administrative Office of the U.S. Courts. The current economic climate will put pressure on the balance sheets and cash-flow statements of even financially robust companies, and will shift and elevate the risk profile for environmental obligations. Existing environmental contamination and associated regulatory and contractual obligations represent the most common risk and exposure to be considered during bankruptcy.

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