1113247--6/5/2009--BEARINGPOINT_INC

related topics
{investment, property, distribution}
{interest, director, officer}
{financial, litigation, operation}
{cost, operation, labor}
{condition, economic, financial}
{control, financial, internal}
{capital, credit, financial}
{acquisition, growth, future}
{operation, international, foreign}
Risks that Relate to Our Bankruptcy and the Sale Transactions We are pursuing the sale of all or substantially all of our businesses pursuant to the Sale Transactions, which will result in the liquidation of our business and the Company ceasing to operate as a going concern. We are subject to the risks and uncertainties associated with bankruptcy proceedings as a result of our filing for reorganization under chapter 11 of the Bankruptcy Code on February 18, 2009. Operating under the Bankruptcy Code may restrict our ability to pursue our business strategies. Our liquidity position and our ability to continue as a going concern impose significant risks to our operations. We will not be able to pursue our original Plan, as filed with the Bankruptcy Court on February 18, 2009. If the conditions to closing the Sale Transactions are not satisfied, the Sale Transactions may be terminated, which would have a significant adverse impact on us and the Chapter 11 Cases. The Sale Transactions could be negatively affected by current adverse conditions in financial markets. Failure to complete the Sale Transactions could negatively impact our business. The pursuit of the Chapter 11 Cases and the Sale Transactions have consumed and will continue to consume a substantial portion of the time and attention of our management, and certain aspects of the Sale Transactions will impact how our business is conducted, which may have an adverse effect on our business and results of operations. Uncertainty related to the Sale Transactions could have a material adverse effect on our business. We have experienced increased levels of employee attrition, we have begun to reduce our workforce and our employees are facing considerable distractions and uncertainty, due to the Chapter 11 Cases and the Sale Transactions. We will be subject to claims made after the date that we filed for bankruptcy and other claims that are not discharged in the Chapter 11 Cases, which could have a material adverse effect on our results of operations and financial condition. We likely will be unable to timely file certain periodic reports with the SEC.

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