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What trends do you see in bankruptcy law?
What trends do you see in bankruptcy law?
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00:04
bankruptcy has been
00:06
chapter 11s
00:07
have been
00:09
especially in last two years um down in
00:11
the united states it’s funny because it
00:14
coincides with the pandemic and you
00:16
would think that that people would be
00:18
and companies would be struggling which
00:20
is true but the government assistance to
00:23
companies along with
00:26
creditors unwillingness during that
00:28
period of time
00:29
to
00:30
take extreme remedies like foreclosure
00:33
so those bankruptcies have been
00:36
tamped down
00:37
[Music]
00:38
by those two things in particular
00:41
and going into 2022 i think the biggest
00:44
issue is going to be what inflation
00:47
looks like
00:48
because as inflation goes higher
00:51
obviously companies tend to struggle
00:53
financing gets more
00:55
costly
00:57
and their ability to continue to operate
01:00
deteriorates because of that so i would
01:02
anticipate
01:03
maybe in the second half of 2022 for
01:07
bankruptcies particularly chapter 11’s
01:09
to pick up
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Las Vegas, NV bankruptcy attorney Brigid M. Higgins talks about the trends she sees in bankruptcy law.
