Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America

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Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America

What a time to be a restructuring specialist.

Practically overnight, bankers and lawyers who advise companies in distress have become some of the most in-demand workers on Wall Street, ending a long period in which rising markets and abundant capital consigned them to obscurity.

Stay-at-home orders and the shutdown of nonessential business…

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