Fighting to stay above water

Business development company American Capital has defaulted on its debt, but Christopher Witkowsky finds it is battling hard to stave off bankruptcy

American Capital has had a rough ride recently, but its founder and chief executive, who has a significant amount of wealth invested in the company, believes the firm can weather the storm.

During a recent earnings call, Malon Wilkus said the business development company was working to shore up its capital base and find ways to stave off a bankruptcy filing, despite defaulting on $2.3