2023 Wharton Restructuring and Distressed Investing Conference

WHATEVER HAPPENED TO BANKRUPTCY?

-In recent years we have seen extremely low volumes of bankruptcy filings – even in the face of a generational pandemic and 10X increase in FED interest rates.

-In this panel we will examine the trends that have led to this decline in filings:  More certain law, significant available liquidity, willingness to execute deals outside of bankruptcy – or in very short proceedings, heightened leverage for borrowers, vanishing covenants and les organized lenders.  Each has contributed to this trend. 

- Will those trends continue?  How will the market react now with rates having risen so quickly?  Will the new environment change the impact of these trends?