Bearingpoint Chapter 11 bankruptcy protection will only apply to company U.S. operations and not the international operations, underscores Bearingpoint CEO in a video message. Despite Chapter 11, the company will operate as business as usual.
BearingPoint has reached agreement with our lead creditors to significantly reduce our debt. To implement the agreement, the company commenced a pre-arranged Chapter 11 process on February 18, 2009. This is a major step forward in securing a stronger financial foundation and better future for our company, our clients and our employees.
We will continue to operate our business as usual while we complete our restructuring. Our teams are committed to providing our clients with the innovative solutions and world-class service they have come to expect from BearingPoint. Our operations outside of the United States are not part of this process.
By reducing our debt burden, we will be much better positioned to leverage our tremendous assets and opportunities for growth. BearingPoint also will continue developing new business and clients during this process. Because we have already negotiated terms of our restructuring with our lead creditors, we expect to emerge from this process quickly.
On this page, you will find a variety of resources regarding BearingPoint’s filing. If you can’t find the specific details you need via this site, please call one of the phone numbers listed for additional information.
See Bearingpoint's press release here.
By Bearingpoint
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