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Laura Davis Jones, a major player in the shaping of Delaware into the preferred forum for Chapter 11 filings, has broken her long-standing association with Young Conaway Stargatt & Taylor to start a bankruptcy and litigation practice in Wilmington for California firm Pachulski Stang Ziehl & Young. Jones said she sees no end in sight for the busy Chapter 11 business in Delaware. A number of industries will continue to encounter problems or start to feel financial strains, she said. Another factor that bodes well for Chapter 11 practitioners in Delaware: over the past three years about two-thirds more money has funneled through bonds. With a 1 percent default rate (2 1/2 percent being the average), “it’s going to be a very busy year,” Jones said.

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