Down the Rabbit Hole: Bankruptcy Practice In Uncertain Times

The world — and particularly the U.S. economy — is navigating unprecedented and turbulent times. For bankruptcy professionals, it may feel as though we’ve fallen down Alice’s rabbit hole, where the rules we've long understood and accepted no longer apply. In this new reality, uncertainty defines both the global and American economic landscapes.
For example, the U.S. government has lost its AAA credit rating, leading to spiking Treasury yields. This raises borrowing costs at a time of record federal deficits. Compounding the issue, China — one of the largest holders of U.S. debt — is now engaged in an escalating trade war with no clear resolution in sight.