Joseph C. Barsalona II Quoted in Law360, “No So-Called Summer Slowdown As Bankruptcies Spike”
Joseph C. Barsalona II, partner in the Bankruptcy, Restructuring and Creditors’ Rights practice at Pashman Stein Walder Hayden P.C., was recently quoted in an article in Law360 titled, “No So-Called Summer Slowdown As Bankruptcies Spike.” The article discusses how bankruptcy filings surged in July, with Chapter 11 cases up 78% year-over-year, as businesses faced mounting pressures from tariffs, immigration policies, inflation, and high debt levels amid a return to pre-pandemic norms.
Summer bankruptcy filings are often similar to the seasonality in the M&A market, with activity usually slowing during the summer but picking up sharply in September as professionals return to work, according to Joseph C. Barsalona II of Pashman Stein Walder Hayden PC.
"The impact of tariffs and macroeconomic monetary policy is finally hitting, and companies are looking to right-size their balance sheets before the end of the year," said Barsalona.
To read the full article in Law360, click here.