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U.S. Bankruptcy Tracker: Biden Win Would Knock Energy, FTI Says

Nov. 3, 2020, 2:00 PM

Bankruptcy filings hit a three-month high as investors brace for economic shifts from the U.S. election that could force more large corporations to seek protection from creditors.

Energy sector filings could accelerate if Joe Biden wins, according to Carlyn Taylor, global co-leader of corporate finance and restructuring at FTI Consulting Inc.

A move to alternative power sources is already underway, “but Biden’s policies are speeding up the transition process, while Trump is trying to slow it down,” said Taylor, whose firm advises on bankruptcy and restructurings. “We’ll see plenty of filings under either administration.”

Read More: Oil and Gas ...