07.01.2016 - Restructuring Activity to Be Boosted By Flagging Commodities in 2016
China’s economic slowdown led the U.S. markets to drop already in the new year, but it could mean a boon to the number of restructurings and corporate bankruptcies. Restructuring professionals believe the majority of their work will be led by commodities-related companies as demand falls and prices across sectors continue to dip, namely in the oil patch, according to turnaround-advisory firm AlixPartners’ annual restructuring survey. Nearly 90% of the 185 lawyers, bankers, investors and others surveyed expect the energy and resources industry to be the most distressed. About 40% expect energy companies to restructure through chapter 11, while 31% expect them to try to work out their problems out of bankruptcy court...............................................Full Article: Source
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