Technology consultant BearingPoint Inc. filed for Chapter 11 bankruptcy, saying it had negotiated a "prearranged" plan with lenders that could reduce its debt load.
In U.S. Bankruptcy Court in New York, the McLean, Va., company declared $2.23 billion in total debt and $1.76 billion in total assets as of Sept. 30. The filing includes only the company's U.S. operations.
