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August 13, 2020 | Bankruptcy Boom Unfolding

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Canadian law firms are expanding their corporate restructuring partners to prepare for a wave of insolvencies as COVID-19 relief measures dry up and lenders start to lose patience with struggling businesses, as reported by the Globe:

“Firms are acutely aware of the need to have a strong team entering this next phase of COVID.”

This recent Bloomberg special report on bankruptcy examines this insolvency cycle.

In 2020, bankruptcy has gone from a last resort for struggling companies to “the new normal.” Blaming it on the coronavirus alone is too simple. Lisa Abramowicz hosts an in-depth look at the sudden surge in corporate defaults, how it’s affecting investors, and why policymakers are finding it challenging to contain the damage. Here is a direct video link.

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August 13th, 2020

Posted In: Juggling Dynamite

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