Mark Fischer, a director of credit research with expertise in distressed companies, and Sean Daly, a legal analyst specializing in bankruptcy issues, delve into navigating Chapter 11 amid financial strains. They analyze J. Crew and Neiman Marcus's bankruptcy strategies, highlighting challenges exacerbated by COVID-19. The duo discusses Puerto Rico's revised fiscal plan and the impacts on pensioners versus bondholders. They also explore broader trends in significant bankruptcy cases and the struggles facing the coal industry, emphasizing the delicate balance between creditors and debtors.
