Dr. Edward Altman Says Commercial Bankruptcies Are Set to Spike in 2024-25
Octus Radio
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The Future of Distress Exchanges
30 to 40% of those types of restructurings, the so-called distress exchanges, end up in bankruptcy anyway within three years. Only about 10 to 15% as I said, of zombie companies actually recover. So if you're using models like mine or maybe others that are out there to assess the future of distress companies, the outlook is certainly bleak.
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