22 May 2023
Money in the Market: What's triggering the latest wave of Chapter 11 bankruptcy filings?
Earlier this month, digital media giant Vice Media, once valued at nearly US$6 billion, filed for Chapter 11 bankruptcy protection.
Vice was one of seven large companies that filed for Chapter 11 in less than 48 hours, the largest number on record during a two-day period since 2008.
So is the problem simply just down to aggressive debt accumulation during the low-interest-rate era, or is it more layered?
On Money in the Market, Hongbin Jeong speaks to Finbarr Flynn, Editor Asia Credit at Bloomberg News, to find out more.

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