Weekly News – June 23
Don’t miss out!
Our annual restructuring event
3M pays $10.3 billion for that OTHER tort exposure
Vice Media picked up for peanuts
Steinhoff nets plan approval
Exclusive Content
Houston venue hijinks…
Exclusive Content
CLO slowdown hits loan market
Private credit under scrutiny
What we’re reading…
Doesn’t it seem “Rash”?
$1,100 payday lender claim breaks tribal sovereign immunity
Congratulations
Congrats to our friend @Maxfrumes on joining 9fin
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 “hard-landing†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 our recent coverage:
Third party releases
click through to read the features from our Contributors
Read our recent coverage:
“Open Market” Purchases
Read the full length feature here.
Read our recent coverage:
Where Are We In The Credit Cycle?
Read our recent coverage: Contributor Cliff White on Examiners
Look out for more great features from our Contributors
Have something interesting to share?
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Upcoming Events
June 27: REGISTRATION NOW CLOSED: Creditor Rights Coalition & LSTA 2023 Restructuring Symposium
August 22: ABI/NCBJ: Tackling Emerging and Recurring Mortgage Issues in Individual Bankruptcy Cases