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As reported in this post from June 2007 trade credit insurer Euler Hermes ACI previously predicted that business bankruptcies in the United States would rise by more than 50% in 2007.

For the second time this year, the Delaware Bankruptcy Court, applying amendments to the Bankruptcy Code implemented by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, held that an agreement involving the debtor in possession, American Home Mortgage Investment Corp. (“AHMIC”), was a “repurchase agreement,” finding that it satisfied the “repurchase agreement” and “securities contract” safe harbor provisions under sections 559 and 555 of the Bankruptcy Code.