Debtwire Restructuring Forum - Miami
The must-attend event for the US restructuring community!
JW Marriott Miami, Brickell, Miami, Florida
01
Dec
Panel: Consumer sentiment – a future distressed sector?
Chapter 11 bankruptcies as a whole have been creeping up in 2022, but largely remain at a low rate. Despite this, 2022 has seen a spike in small business bankruptcies. These figures could rise even further as Congress passed legislation to amend the Bankruptcy Code and increase the debt limit under Chapter 13. Meanwhile, US consumers are starting to feel the pressure of inflation as they struggle to cope with higher prices for necessities. Banks are also preparing for turbulence by increasing their loan loss reserves as they experience signs of distress and as Americans save less of their earnings. This panel will discuss:
- As low-income consumers are most impacted by inflation, which types of companies do you expect to experience stress first?
- What can the Fed do to raise economic growth and dampen inflation?
- Which retail company will be the next to file for bankruptcy?
- Will higher-incoming consumers keep splurging on luxury items?
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SpeakersPeter J. Young Partner Proskauer
Michael Litwack Manager, Business Restructuring & Turnaround Services BDO USA LLP
Christopher Stradling Managing Director Lincoln International
Hema Oza Managing Editor, North America DEBTWIRE
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Peter J. Young concentrates his practice on complex corporate workouts, restructurings and bankruptcies. Peter represents public and private companies, boards of directors, lenders, unsecured creditors, sellers, purchasers and investors in a wide variety of out-of-court and in-court workout, restructuring and reorganization matters. Peter also represents parties in bankruptcy-related litigation.
Chambers USA notes that Peter is praised by clients as someone who “thoroughly knows the law and understands the temperament of the court” and is “incredibly diligent, creative and decisive.”
As co-head of Lincoln’s consumer group, Chris leads the firm’s consumer product initiatives and advises companies on mergers and acquisitions. Through a hands-on style of processing deals, Chris develops close relationships with owners and management to learn the priorities of all stakeholders and position companies for maximum valuation.
Chris has deep knowledge of the key dynamics, such as ecommerce and direct-to-consumer marketing, that drive the consumer industry. He brings significant experience leading transactions in the active lifestyle, ecommerce, functional apparel, food and beverage, home furnishings and merchandizing sectors. Chris and his teams lead processes that yield outlier valuations through identifying and positioning his clients’ unique points of differentiation.
Chris brings practical life experience having spent his pre-college years deeply involved in running his family’s business, as well as post-educational stints working in operations and corporate development in a Fortune 500 company and auditing large companies at a major global accounting firm.
Chris holds a Master of Business Administration from Harvard Business School and a Bachelor of Science from Northern Arizona University.