Charter, Spansion Miss Bond Payments (Bloomberg, 16 Jan 09)

“We’re looking at a wave of defaults,” said Christopher Garman, chief executive officer of Garman Research LLC in Orinda, California. “Issuers have difficulty rolling over debt. At some point bankruptcy or Chapter 11 restructuring becomes a viable option.” 

Charter, Spansion Miss Bond Payments (Bloomberg, 16 Jan 09)

“We’re looking at a wave of defaults,” said Christopher Garman, chief executive officer of Garman Research LLC in Orinda, California. “Issuers have difficulty rolling over debt. At some point bankruptcy or Chapter 11 restructuring becomes a viable option.”