Weekly News – August 18

Are we finally seeing cracks?

Music to my ears…

NRG recovery tables out

Exclusive Content

Find the Report here

The perfect storm

Grudge match continues

Creditors fight back

Thank you Kevin Eckhardt @reorg for pointing this out:

Find the Complaint here

Our take:
Enough is enough! The Sanchez saga takes the “bad behavior reward” for wanton disregard of creditor rights.

Tell us what you think.
Should litigation funders be able to take 90% of class rights?

Silicon Valley gets even messier

Purdue Pharma sneak peak
Watch out for more coverage coming soon!

Professor Anthony Casey

Professor Samir Parikh

Professor Ralph Brubaker

Professor Adam Levitin (c/o Credit Slips)

Read our recent coverage:
Purdue Pharma

click through to read the features from our Contributors

Global peace starts to break out

Exclusive Content

Find it on Reorg here

Fannie & Freddie shareholders notch a win

What we’re reading

What we’re listening to…

2023 CRC Allocators Conference

Beard Investing Conference

CRC weighs in on Serta

Contributors Speak Up

What to expect in the next default cycle

We asked Contributors Bradford Sandler and Sidney Levinson to weigh in on what we should expect in the next default cycle.

Professor Edward Altman recently noted in a paper published with the Creditor Rights Coalition that the Benign Credit Cycle is over. He sees a reversion to the mean in terms of defaults and recoveries in 2023. But he also sees many risks on the horizon making a Stress or even in a â€œhard-landingâ€ scenario a possibility (with 8-10% default rates). Put your prediction caps on. What do you see and expect? Where do you expect restructuring activity to increase? Are we in for more bankruptcies? Or, more (yawn yawn) extend and pretend? Will RSAs rule the day? Or, will we see more traditional in-court restructurings? What will this new environment look like?

Read on.

Read our recent coverage:
Where Are We In The Credit Cycle?