Cory Lipoff, the Executive Vice President and Principal of Hilco Merchant Resources, LLC speaks at the 2009 Reuters Restructuring Summit, September 30, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS) By Tom Hals
NEW YORK, Oct 2 (Reuters) – Years of easy credit followed by an economic downturn have led to a predictable wave of bankruptcies, but with a twist: layers of debt have essentially killed the expensive, drawn-out bankruptcies of the past.

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