Speaking to S&P Global Market Intelligence Burford Capital Director Connor Murphy commented on the expectations for corporate bankruptcy filings in 2021. The article focuses on how bankruptcy filings in 2021 are significantly lower than expectations.
Connor is quoted as saying "The current downturn has differed from others because it has not been protracted over years like recessions typically are, and the economy has fared better than the dire predictions initially suggested. Many companies that brought in less revenue during the pandemic either cut costs to adjust or managed their expenses in ways that they had not been able to previously as creditors became more flexible."