A few months ago, I wrote about the gathering storm cloud of bankruptcy and restructuring engagements we were seeing here at IntraLinks in the first half of 2009 as well as the high-value, high-profile bankruptcies that constantly appeared in the news.
Our CEO, J. Andrew Damico recently had the opportunity to speak with editor Brandy Chetsas at Bankruptcy Professional, a fantastic newsletter for professionals involved in the bankruptcy process.
Earlier this week, we announced the bankruptcy and restructuring trends we're seeing here at IntraLinks in the first half of 2009. The numbers show a huge surge in overall bankruptcy and restructuring engagements over the same period last year.
The global economic crisis is nothing new today, nor is the corresponding increase in businesses fighting for their very existence. For instance, when I searched Google News for articles last Friday referencing "bankruptcy" or "restructuring" In their headlines there were 400+ unique results.