Lawyers
Bloomberg Law quoted restructuring partner Ken Ziman on the recent uptick in large corporate bankruptcies in its July 8 article, “Big Bankruptcies Pile Up as Grab Bag of Stressors Takes Hold.” Ken notes that refinancing issues will continue to fuel a rise in bankruptcy activity.
“We’re going to continue to see an increase in activity as refinancing issues become more of a concern for companies,” he says. “The availability of credit is much more limited, and financing cost is higher than it was six months ago.”
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