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Updated: BearingPoint Files for Bankruptcy Protection in U.S.; Accenture Eyes the Asia Business?

2:50 PM MST | February 20, 2009 | Esther D'Amico

BearingPoint filed for Chapter 11 bankruptcy protection for its U.S. operations yesterday with a pre-arranged restructuring plan that will help alleviate some of its $1-billion debt burden, the company tells CW. The plan is supported by the company's senior secured lenders and is expected to allow the firm to emerge from bankruptcy in about four months, says a spokesperson at BearingPoint, one of the world’s largest IT and management consulting firms. Separately, media reports say that Accenture is interested in acquiring BearingPoint’s Asia...

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