Joseph C. Barsalona II Quoted in The Deal, “Distressed Entities Get Interest Rate Breathing Room”

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 The Deal titled, “Distressed Entities Get Interest Rate Breathing Room.” The article discusses how the Federal Reserve Board announcing a half-point interest rate cut, which could help distressed companies looking to avoid filing for bankruptcy protection.

"My clients looking for credit are already perking up as they are seeing immediate improvement in the terms they are receiving in just the last 24 hours. I expect this to decelerate expected Chapter 11 filings in Q4 as these companies may have a broadened path to liquidity,” Joseph C. Barsalona II said.

To read the full article in the Deal, click here.