US bankruptcies fall; restructuring pros scramble

Newswire

By Chelsea Emery NEW YORK, June 23 (Reuters) - U.S. corporate bankruptcies have fallen by more than half this year as loosening credit markets and an improving economy have brightened the outlook for beleaguered companies -- and brought stress to restructuring professionals. In the first six months of this year, 50 publicly traded companies filed for Chapter 11 or Chapter 7 bankruptcy in U.S. courts. That's down from 118 a year earlier, according to BankruptcyData.com. "There are a lot ...

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