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

Find it on Reorg here


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 on.


Read our recent coverage:
Third party releases

click through to read the features from our Contributors

Martin Bienenstock
Phil Anker
Marshall Huebner
Edward Neiger
Jennifer Christian
Paul Silverstein
Clifford J. White III

Read our recent coverage:
“Open Market” Purchases

Click here to tell us what you think.
Should an “open market” purchase be liberally construed to conform to sophisticated parties intentions or are there other limiting factors?
(answers remain anonymous
)

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?

email us at info@creditorcoalition.org


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

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