CRS Report for CongressPrepared for Members and Committees of Congress CRS Issue Statement on Bankruptcy in a Distressed Economy Carol A. Pettit, Coordinator Legislative Attorney David H. Carpenter Legislative Attorney Mark Jickling Specialist in Financial Economics Edward C. Liu Legislative Attorney Edward V. Murphy Specialist in Financial Economics January 6, 2010 Congressional Research Service7-5700 www.crs.gov IS40260 .c11173008