What Do Bancruptcies Tell Us?

Bankruptcy lawyers in Texas have been busy recently.  Past cycles have shown a surge of Chapter 11 Bankruptcy Reorganizations as early indicator of the end of tough economic times. 

Makes sense though; Reorganization happens when someone wants to preserve an asset, but credit is tight.

So, it is just a data point, but if it was a football game, my guess is that we'd be in the third quarter.  What do you think?

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