Turnaround, Restructuring and Insolvency Trends

What this episode covers

As many continue to debate whether a recession is coming or a soft landing, Business Disruption and Resilience Podcast Host David Sutton welcomes back Chip Hoebeke, Director of Consulting for Rehmann as well as the Director of Rehmann’s Turnaround, Restructuring and Insolvency Practice. Chip has worked with many companies going through financial challenges and shares his observations as they see an uptick in receiverships and insolvency actions. He also explains how the current state of the economy differs from the Great Recession. “In 2007 and 2008, it seemed like everybody got hit. There weren’t industries and there weren’t companies that came through unscathed. Some did better than others, but it seemed like everybody got hit,” Chip explained. “I think, in this troubled time coming up, that’s not going to be the case. I don’t think it’s going to be as universal as it was in 2007 and 2008. I think there are some industries that are going to get hammered but I think there are some that are going to do just fine.”