Year-to-date bankruptcy filings reach the highest level in 13 years, and Stretto co-CEO Jonathan Carson observes that rising interest rates have been the cause of a lot of businesses finding it more difficult to stay open when debt service goes higher and margins are thin, as interviewed in The Epoch Times. Read the entire article - https://lnkd.in/gF_qXYx6
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Key Insights on Bankruptcy Trends: Q1 2024 Overview ?? In Q1 2024, commercial Chapter 11 filings saw a significant 43% year-over-year increase, the largest in any major U.S. bankruptcy category, reaching 1,894 cases. Despite this surge, the pace of overall bankruptcy filings shows signs of moderation, rising just 14% from last year. Industry experts suggest the market is adapting to sustained high interest rates, with robust companies managing well but others still facing challenges. With potential changes in debt eligibility limits on the horizon, businesses are urged to prepare strategically. #BankruptcyTrends #EconomicInsight #BusinessStrategy #CreditInsurance
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US corporate bankruptcies hit 14-year high as interest rates take toll - https://on.ft.com/3W3fLJd via @FT Reading this article makes me ask myself 2 questions: 1/ What about the private debt valuation? 2/ Might a blue chip collapse soon and beget a market repricing?
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Managing Partner @ Orestes Capital Management LLC | Investment Management | Family Office
FT: US corporate bankruptcies have hit their highest level since the aftermath of the global financial crisis as elevated interest rates and weakened consumer demand punish struggling groups. At least 686 US companies filed for bankruptcy in 2024, up about 8 per cent from 2023 and higher than any year since the 828 filings in 2010, according to data from S&P Global Market Intelligence. Out-of-court manoeuvres seeking to stave off bankruptcy also increased last year, outnumbering bankruptcies by about two to one, according to Fitch Ratings. As a result, priority lenders to issuers with at least $100mn of aggregate debt experienced the lowest recovery rates since at least 2016. #credit #fixedincome #macro #investing
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The pros and cons of bankruptcy ?? Facing overwhelming debt is a challenging situation that no one should have to navigate on their own. Consider bankruptcy as a powerful tool for a fresh financial start. Kristen Triglone, a Registered Trustee in Bankruptcy, sheds light on its benefits, including debt relief and asset protection. PKF's expert Business Recovery and Insolvency team is here to guide you through the process. Read more: https://hubs.li/Q02vD7LL0 #bankruptcy #propelyourfuture
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Chapter 11 filings have surged by 43% in Q1 of 2024, marking a significant trend in commercial bankruptcies. Despite this, there's a silver lining as the overall bankruptcy pace starts to moderate. Businesses are navigating through higher interest rates and economic shifts, indicating a complex landscape ahead. https://ow.ly/Ty4L50RftF7
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EA to the Group Board Member in charge of Group Transformation, HR, Compliance, Sustainbility & Communication
Chapter 11 filings have surged by 43% in Q1 of 2024, marking a significant trend in commercial bankruptcies. Despite this, there's a silver lining as the overall bankruptcy pace starts to moderate. Businesses are navigating through higher interest rates and economic shifts, indicating a complex landscape ahead. https://ow.ly/sVap50ReJEQ
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Helping companies grow sales while minimizing risk | Protecting companies from customers not paying them
Chapter 11 filings have surged by 43% in Q1 of 2024, marking a significant trend in commercial bankruptcies. Despite this, there's a silver lining as the overall bankruptcy pace starts to moderate. Businesses are navigating through higher interest rates and economic shifts, indicating a complex landscape ahead. https://ow.ly/iYp750Rj3Xe
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The debt limit for Subchapter V bankruptcy is expected to revert to $2.7 million this Friday, down from the $7.5 million threshold set during the pandemic. Subchapter V offers a more affordable and less complex alternative to Chapter 11, making it a vital tool for distressed businesses seeking to reorganize and recover. Despite strong bipartisan support to maintain the higher threshold, the bill has stalled in Congress. Without swift action, businesses facing financial challenges will need to explore less favorable options like Chapter 11 or Chapter 7, risking liquidation. At Indiva Advisors, we understand the importance of strategic financial planning and navigating complex bankruptcy processes. We're here to support small businesses through these changes and help you find the best path forward. Stay informed and prepared – the landscape is shifting, but your resilience and adaptability are key. Read more here: https://lnkd.in/gDWd-5ZA #SmallBusiness #Bankruptcy #FinancialPlanning #IndivaAdvisors
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The recent surge in business #bankruptcy filings has been influenced, in part, by Covid-era rule changes in the debt threshold. Read the full story here: https://bit.ly/3KeyXxy #BusinessLaw
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Sales Vice President Consulting with companies to manage, protect, and maximize their receivables with Allianz Trade
Chapter 11 filings have surged by 43% in Q1 of 2024, marking a significant trend in commercial bankruptcies. Despite this, there's a silver lining as the overall bankruptcy pace starts to moderate. Businesses are navigating through higher interest rates and economic shifts, indicating a complex landscape ahead. https://ow.ly/PvQV50RgKM9
