Bankruptcy practitioners expect an uptick in national filings and litigation in the new year, breaking the slowdown seen since the onset of the coronavirus pandemic in March 2020.

Andrew Gallo, a partner at Morgan Lewis in Boston, Massachusetts, said an active deal market and a lot of available credit, which characterized 2021, could no longer be in vogue pending the actions of the Federal Reserve and its intent to hike interest rates three times in 2022.

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