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BCLP Partner Mark Duedall was quoted Jan. 5 by Bloomberg Law concerning the expected surge of pandemic-induced Chapter 11 cases that failed to materialize in 2021, thwarting corporate restructuring professionals’ predictions. If interest rates and inflation continue to rise, 2022 could spell disaster for some companies. Oil prices also are rising, and business stimulus subsidies are drying up, Mark noted. “So I do think we’ll have distress next year,” he said. “But I’ve given up trying to predict.”

 

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