Source Pravda.Ru

Large companies bankruptcies hit the US

26 publicly traded corporations filed for their bankruptcy in the first quarter against eleven corporations the same period last year.

The assets of these companies are estimated at about $34 billions, that ranks the second highest since the crisis of 2009.

On top of the list are the casino operating company of Caesars Entertainment, Doral Financial, security services outfit Altegrity, RadioShack, Allied Nevada Gold and Quicksilver Resources.

The city of Houston according to William Snyder, leader of the Deloitte Corporate Restructuring Group is now full of bankruptcy attorneys.

Also read: US cities going bankrupt

Among other biggest bankruptcies there are companies in energy, retail, healthcare, mining and financial sectors.

The Federal Reserve easy money used to redeem the position, but this time the debt seems to be too extensive as for the struggling economy of the United States.

Pravda.Ru

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