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Distressed businesses across the globe are set to rise significantly this year as governments in every jurisdiction withdraw support measures that have helped businesses stay afloat during the pandemic. According to research by trade credit insurer Euler Hermes, worldwide business insolvencies are expected to jump 15% year on year!

In the US, the number of bankruptcies filed in March this year increased 33.5% compared to the previous month, according to legal research firm Epiq. But the overall number of cases was still lower compared to previous years. Phew.

Less favourably, however, in Spain and Italy, insolvencies are predicted to increase above 2019-levels in 2022 (uh-oh), while Switzerland, Sweden, and Portugal will probably experience a rebound in business insolvencies in 2022.

With such diversity in the numbers of distressed businesses and insolvencies across jurisdictions, we understand there should also be a wide range of solutions to help distressed businesses.

In this publication, a selection of IR Global members talk about the issues involving distressed businesses, give an overview of the post-pandemic business climate, then expand on their version of Chapter 11 and how distressed businesses are helped in their jurisdiction.

They also give invaluable tips to businesses on how to avoid bankruptcy and what to do if their business is in crisis.

Download the publication here to find out more. 👇