On Monday, the party city debtors are scheduled to seek conditional approval of a disclosure statement supplement for their amended Chapter 11 plan. The Envision Healthcare and AMS-Serg debtors have a packed agenda on Wednesday as they push toward plan confirmation. On Friday, the endo debtors have their sale hearing to approve the sale of substantially all their assets to stocking horse bidder Tensoar for a $6 billion first-lean credit bid.
In this week’s Primary View podcast, Dr. Edward Altman, the legendary bankruptcy expert, discusses the outlook for debt-saddled zombie companies with Reorg reporter Gaurav Sharma. The New York University professor, best known for the Z-Score formula, cautions that bankruptcy cases are likely to increase in 2024-25, even if the U.S. avoids a recession.
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