8 Companies Facing Bankruptcy in 2011

Every year since 2009, we publish a list of big companies and trouble and predict who will go bankrupt during the year. 5 of the  8 companies in the 2009 article have gone bankrupt along with 5 of the 10 from our 2010 article. In the past two years, the economy was devastated and consumer spending had dropped drastically. However, a rejuvenated market has been emerging in 2011, with the broad economic indicators mostly positive. Market analysts, however, report that the American consumer will never be the same again – a new sense of financial competence and saving have been instilled into many.  Read more...