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Though companies across a wide array of industries, including retail, commercial real estate, leisure and travel, air travel, restaurant and food service, energy and communications have filed for bankruptcy since the onset of the coronavirus (COVID-19) pandemic, on the whole, bankruptcies have fallen over the last two years as companies and governments have taken steps to protect against potential financial collapse brought about by the pandemic. Governments across most jurisdictions introduced programmes to help keep individuals and businesses afloat through the worst of the crisis.

However, as we begin to emerge from the pandemic, and aid packages dry up, legislative provisions are removed and general creditor leniency runs out, companies will likely seek debt relief via the bankruptcy process, potentially in much larger numbers than have been recorded since 2020. And with rising interest rates, growing inflation concerns, worker shortages, supply chain challenges and other geopolitical developments all beginning to take a toll, it will be crucial that access to bankruptcy is available for struggling businesses.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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