Zombies! Outbreak of Bankruptcies as 7 Companies File Ch11

For years now, many analysts have warned of Zombie Companies that exist not because they make money, but because they have been able to access cheap credit in the debt markets. With rates significantly higher now, the Zombie Outbreak of chapter 11 filings may have just begun as 7 different companies filed for bankruptcy protections in one weekend.

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#Zombies #recession #bankruptcy