James Bentley Discusses Post-Election Bankruptcy Predictions with Bloomberg

Winston & Strawn Partner James Bentley recently spoke with Bloomberg about how investors are bracing for economic shifts due to the 2020 U.S. election, and how the election may have an impact on bankruptcy filings in several sectors, including oil and gas, and healthcare.

“A Biden government would probably spend more on the sector, propping up hospitals and boosting the Affordable Care Act,” James said.

James also added that “The post-election pace of bankruptcy will depend on the sector and how effective the winning candidate is at implementing his campaign’s policies…Companies with near-term liquidity issues will file for bankruptcy regardless of the outcome.”

There have been 219 bankruptcy filings year-to-date by companies with more than $50 million in liabilities, according to data compiled by Bloomberg. That’s the most since 2009, when there were 254 in the comparable period.

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