Weekly News – July 7

Look Out for our New Feature

Tell us what topics you want our panel to weigh in on:
Exclusive Opportunism
The Serta Opinion
Conflicts of Interest in BK

How much is too much?

FTX gunning for Sub Con?

Find the Second Interim Report Here

Reminds us of the “Lehman Group Loops”

Mallinkrodt re-cutting deal

BlockFi stuck in the mud

David’s Bridal survives

Other retailers don’t fare so well

9fin takes on J.Crew Blockers

Exclusive Content

Find it here

Reorg on Double-Dips

Exclusive Content

Find it here

Judge Sontchi on SCOTUS and PPI

Our take on whether SCOTUS takes up PPI

Bullish sentiment turning up…

With room to run?

Treasury yields hit records after jobs data

King Street on credit markets

2023 CRC Allocators Conference

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.

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