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This digital document is an article from Managing Credit, Receivables & Collections, published by Institute of Management & Administration on June 1, 2002. The length of the article is 660 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Details
Title: PwC Predicts Rise in Private Company Bankruptcy Filings.
Publication: Managing Credit, Receivables & Collections (Refereed)
Date: June 1, 2002
Publisher: Institute of Management & Administration
Page: 6Distributed by Thompson Gale
Excerpt. © Reprinted by permission. All rights reserved.
As most credit professionals are well aware, the bankruptcy figures for 2001 were not good. With Enron capping what was an already beleaguered year, many wonder, "What's next?" The FDIC and PricewaterhouseCoopers (PwC) both analyzed the figures and made some troublesome predictions for 2002. Here's what these two august groups had to say.
The FDIC Report Like the PwC report, the FDIC commented on the record number of bankruptcy filings by public companies in 2001. It noted that although the filings were generally spread across all industries, the assets of those companies were highly concentrated in energy-related companies. In fact, 33% of the assets came from energy companies. Other concentrations, based on figures provided by bankruptcydata.com...
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