Jake Adlerstein and Bob Britton Discuss 2025 Restructuring Trends With Turnarounds & Workouts

Restructuring partners Jake Adlerstein and Bob Britton spoke with Turnarounds & Workouts about key trends and challenges shaping the U.S. restructuring industry this year. In the annual “Year in Review” feature, published in the December issue, they note that 2025 restructuring activity was driven by many factors, including sustained higher interest rates and inflation; geopolitical instability, creating market volatility and supply change challenges; tariffs; and regulatory action. A higher volume of liability management transactions this year also impacted bankruptcy court activity, they added. Looking towards the future, Jake and Bob said they expect 2025 restructuring hotspots like retail and energy to remain active.

» read the year in review (subscription required)