Red Tide Rising


Red Tide Rising
T he next big wave of bankruptcies is on the horizon, say attorneys, financial advisers, investment bankers and other restructuring professionals.

According to a survey by Dow Jones & Co.’s Daily Bankruptcy Review and the American Bankruptcy Institute, 82% predicted the next major group of corporate restructurings would hit by the end of 2007.

The majority of the restructuring experts said the industries most likely to be affected are real estate/construction, retail, airlines, manufacturing and transportation.

The most likely trigger: interest rates. Falling home prices, higher commodity prices, global competition and a bear stock market also were expected to contribute.

Source: American Bankruptcy Institute, www.abiworld.org .

SURVEY SAVVY

SPONSORED REPORT

A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.