Rochelle on Increasing Bankruptcies, Innkeepers: Audio
The probability of more corporate bankruptcy filings has increased as the junk bond market dried up and the liquidity squeeze tightens on low-rated companies, as reported on the bankruptcy podcast with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. Three new bankruptcy filings prompts a look by Rochelle at hotels and chicken producers, two industries with multiple bankruptcies already. The podcast concludes by explaining how Donald Trump's pending acquisition of Doral Golf Resort and Spa in Miami is structured to avoid the chance of last-minute problems such as those that occurred when Cerberus Capital Management LP and Chatham Lodging Trust (CLDT) terminated a $1.1 billion purchase from Innkeepers USA Trust.
Running time 10:33