Rising Corporate Debt Could Bankrupt Firms, Crash Market by 2013

Updated

Wall Street's love of leverage is threatening to turn around and bite it in the assets, as many companies find their issuance of debt could potentially become their undoing. Massive amounts of corporate debt issued between 2003 and 2007 will come due over the next four years, and companies' inability to refinance their debt will leave them stuck with high interest payments, dragging down corporate earnings and forcing some companies into bankruptcy.

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