In this episode of Debtwired!, Paul Greaves speaks with Stephen J. Lubben, professor at Seton Hall University School of Law and author of To Protect Their Interests: The Invention and Exploitation of Corporate Bankruptcy, about the increasingly complex restructuring situation facing Brightline Florida and what it could mean for creditors, investors, and the future of privately financed passenger rail.

In this episode of Debtwired!, Paul Greaves speaks with Stephen J. Lubben, professor at Seton Hall University School of Law and author of To Protect Their Interests: The Invention and Exploitation of Corporate Bankruptcy, about the increasingly complex restructuring situation facing Brightline Florida and what it could mean for creditors, investors, and the future of privately financed passenger rail.

Brightline: running out of track

In this episode, Olivia Guthorn, Managing Director in Oaktree's Opportunities Group, describes a credit market at all-time tights that appears to be looking through potentially significant macro risks, while meaningful dispersion builds underneath, particularly in healthcare IT and software. Olivia outlines Oaktree's cautious, highly selective approach to sectors exposed to AI disruption, focusing on businesses with durable characteristics such as proprietary data, strong customer integration, high switching costs, regulatory moats, and sufficient capital to invest in new technology. For healthcare, she draws a sharp distinction between provider IT and payer IT, with the former expected to be more insulated from AI risk and the latter being more exposed given the resources and incentive large national payers have to insource.Olivia discusses how policy changes including the One Big Beautiful Bill's impact on Medicaid reimbursement, potential ACA subsidy expiration, and a growing focus on fraud, waste, and abuse are driving dispersion across subsectors, with med devices and pharma looking relatively more attractive and Medicaid-exposed services remaining challenged. She also touches upon the growing focus on private credit and how the historical notion that private credit doesn't trade is being tested, with trading activity so far remaining limited and orderly but potentially accelerating if redemption pressures increase. She highlights that the next two to three years should represent a significant opportunity for sector-specialist, bottom-up investors in opportunistic credit like Oaktree.

In this episode, Olivia Guthorn, Managing Director in Oaktree's Opportunities Group, describes a credit market at all-time tights that appears to be looking through potentially significant macro risks, while meaningful dispersion builds underneath, particularly in healthcare IT and software. Olivia outlines Oaktree's cautious, highly selective approach to sectors exposed to AI disruption, focusing on businesses with durable characteristics such as proprietary data, strong customer integration, high switching costs, regulatory moats, and sufficient capital to invest in new technology. For healthcare, she draws a sharp distinction between provider IT and payer IT, with the former expected to be more insulated from AI risk and the latter being more exposed given the resources and incentive large national payers have to insource. Olivia discusses how policy changes including the One Big Beautiful Bill's impact on Medicaid reimbursement, potential ACA subsidy expiration, and a growing focus on fraud, waste, and abuse are driving dispersion across subsectors, with med devices and pharma looking relatively more attractive and Medicaid-exposed services remaining challenged. She also touches upon the growing focus on private credit and how the historical notion that private credit doesn't trade is being tested, with trading activity so far remaining limited and orderly but potentially accelerating if redemption pressures increase. She highlights that the next two to three years should represent a significant opportunity for sector-specialist, bottom-up investors in opportunistic credit like Oaktree.

Oaktree Capital's Olivia Guthorn on finding value in stressed healthcare credit, sizing AI risk, and lessons from two decades of opportunistic investing

Debtwire reporter Kunyi Yang speaks with Hilco Global's Ian Fredericks on distressed trends amid 2026's macro turbulence - tariffs, oil prices, the Iran conflict, and what it all means for retail and consumer markets.

Debtwire reporter Kunyi Yang speaks with Hilco Global's Ian Fredericks on distressed trends amid 2026's macro turbulence - tariffs, oil prices, the Iran conflict, and what it all means for retail and consumer markets.

Hilco’s Ian Fredericks discusses current forces reshaping retail distress

Robert "Bob" Del Genio, turnaround specialist at FTI Consulting has worked on special situations like Dean Foods, City Brewing and Hostess Brands.Today, he joins us at Debtwired to discuss what's challenges branded label and beverage companies are facing in the year ahead.

Robert "Bob" Del Genio, turnaround specialist at FTI Consulting has worked on special situations like Dean Foods, City Brewing and Hostess Brands.Today, he joins us at Debtwired to discuss what's challenges branded label and beverage companies are facing in the year ahead.

FTI Consulting Talks Consumer Products Group Trends, LMEs and GLP-1 influence

#Debtwired!! #Distressed real estate

Latham & Watkins real estate co-chair Michael Haas talks about the state of CRE

Alvarez & Marsal Restructuring & Turnaround MDs Ray Dombrowski and Lisa Price talk Ch. 11 slowdown, capital market fever #Alvarez&Marsal #A&M #Debtwire #Restructuring #Aviation #Shipping #CapitalMarkets #LevFin #M&A

Alvarez & Marsal Restructuring & Turnaround MDs Ray Dombrowski and Lisa Price talk Ch. 11 slowdown, capital market fever #Alvarez&Marsal #A&M #Debtwire #Restructuring #Aviation #Shipping #CapitalMarkets #LevFin #M&A

Alvarez &amp; Marsal Restructuring &amp; Turnaround MDs Ray Dombrowski and Lisa Price talk Ch. 11 slowdown, capital market fever #Alvarez&amp;Marsal #A&amp;M #Debtwire #Restructuring #Aviation #Shipping #CapitalMarkets #LevFin #M&amp;A

A&M’s Dombrowski and Price on restructuring slowdown and capital market fever

#debtwire #bankruptcy #lowensteinSandler

Lowenstein Sandler's Jeffrey Cohen on retail case studies, VC-backed tech restructurings, distress in 2021

#debtwire2021 #mass tort claims #asset transfer debate

#debtwire2021 #mass tort claims #asset transfer debate

Valuation trends, mass tort liabilities

Gregory Fox of Goodwin on bankruptcy trends in 2020, landlord negotiations and 2021 predictions

The restructuring podcast from the Debtwire editorial team.

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