Credit: jozefmicic/Adobe Stock Help, the Lenders Are Fighting Again: Creditor Violence Driving Demand in Bankruptcy, Litigation Practices
As more large corporations go bust, lenders are jockeying for the position to get repaid first.
April 22, 2024 at 05:00 AM
6 minute read
Bankruptcy
The original version of this story was published on The American Lawyer
What You Need to Know
- A rise in corporate bankruptcies corresponds with an increase in disputes between lenders.
- Several methods of managing liability, known as 'creditor violence,' have become popular in recent years.
- Creditor disputes and efforts to prevent them are driving work toward bankruptcy lawyers and commercial litigators.
Corporate restructurings are on the rise in 2024, as a slow burn of delayed insolvency from the COVID-19 pandemic works its way into bankruptcy court. According to Epiq Global, commercial bankruptcy filings were up 22% in Q1 compared to the first quarter of 2023.
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