Kenneth A. Rosen, Chair Emeritus of Lowenstein’s Bankruptcy & Restructuring Department, is listed as a Distinguished Adviser in Financier Worldwide’s 2022 Bankruptcy & Insolvency Power Players issue.
Noting that 2022 is likely to lead to more companies seeking debt relief, the publication interviews the listed individuals—describing them as “leading lights in their field” — to provide perspective on rising interest rates, growing inflation concerns, worker shortages, supply chain challenges, and other geopolitical development impacting bankruptcy issues. Rosen predicts more Chapter 11 filings for “companies that have failed to adequately reinvest themselves, and overleveraged companies.” He also anticipates that “[w]hen interest rates go up, many companies are going to face serious refinancing risk. The inability to refinance when rates rise and when lenders move away from covenant-light loans will increase the number of Chapter11 restructurings. It also will cause greater use of out-of-court workouts, bulk sales and other options, such as collateral surrenders and loan sales.”
Rosen describes his approach to guiding clients through such challenges, saying: “I do not simply focus on the pros and cons of my client’s position. I also focus on the costs and benefits—direct and indirect—of settlement versus litigation, and also the costs and benefits to the adversary for settlement versus litigation.”
With more than 35 years of proven experience, Rosen is the first call for companies seeking a strategic plan for recovery from financial distress. He advises on the full spectrum of restructuring solutions, including Chapter 11 reorganizations, out-of-court workouts, financial restructurings, and litigation. He works closely with debtors, creditors' committees, lenders, landlords, and others in such diverse industries as paper and printing, food, furniture, pharmaceuticals, health care, and real estate.
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