Zombie Companies Avoid Bankruptcies

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There are various types of violence, as you call it, or I would call it creative distress procedures to keep the firm alive. The most efficient one from a firm standpoint anyway is an equity for debt swap. Most law firms are pretty advanced now in dealing with these, especially in the high yield bond market. So hopefully that answers where we are today. And I'm happy to speak to anything else you'd like to ask about zombies.

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. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial We're looking for feedback to improve the podcast experience! Please share your thoughts here: www.research.net/r/Reorg_podcast_survey For more information on our latest events and webinars: reorg.com/resources/events-and-webinars/ Sign up to our weekly newsletter Reorg on the Record: reorg.com/resources/reorg-on-the-record/ #leveragedfinance #highyield #restructuring #performingcredit #distresseddebt #debtrestructuring #leveragedloans