Coldwell Banker, ERA, and Sotheby's may be headed for bankruptcy.

Many companies will struggle in 2009. The number of businesses going into bankruptcy are going to be more frequent if the trend continues. Already we've seen the loss of some pretty substantial players like Circuit City.

One surprise for me posted in yahoo's article 15 Companies That Might Not Survive 2009 was Realogy Corp. The group owns some of the biggest names in the industry these include Coldwell Banker, ERA, and Sotheby's.

It seems a high debt load and low cash reserves may be signaling a likely default in a troubled market. Why am I surprised? Well mostly because the of number brokerages Coldwell Banker has been buying up in the Boise area. I'll be watching this one closely in the weeks and months to come.