The Bankruptcy Business Is Booming

The economic downturn and pending federal legislation are driving up filings before the consequences of failure become even more costly

The new year was only a few days old when Silicon Valley bankruptcy attorney Norma Hammes noticed that corporations were halting construction projects, letting incomplete buildings stand as towering monuments to the stalled economy. "That rippled down, says Hammes. "Of course it affected small-business people," says Hammes.

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