REYERCH's first day product team published its review of case filings in the first half of 2023. The consumer discretionary health care and real estate sectors had the lion's share of cases. Party City filed a revamped plan of renegization last weekend after announcing in June that it had to refort cast its projections in land of an abrupt change in performance. AT&T announced that it has elected to vacate a 2021 consent decree to remove alleged sheath cables in Lake Tahoe.
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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