With the current market trend of filing chapter 11 the news about bearing point is rather disheartening.
"On February 18, BearingPoint filed for Chapter 11 bankruptcy protection to escape a cash crunch from the weight of some $1 billion in debt. The company faced the possibility of being required to repurchase about $200 million of that in April. BearingPoint, a management and information technology services company spun off from KPMG LLP in 1999 and has 16,000 employees."
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