Investigations into debtors’ pre-bankruptcy machinations are evolving toward a “consensus model” where committees of independent directors are cooperating with unsecured committees, according to Julia Winters, a partner in Katten’s commercial litigation practice. She shared her perspective on corporate governance amid financial turmoil, when Chapter 11 examiners make sense and the critical role indenture trustees play with Bloomberg Intelligence’s Negisa Balluku and Phil Brendel. Prior to that, Phil and Noel Hebert of BI discuss how the uncertain, higher-rate environment is whipping corporate credit spreads around. The podcast concludes with the BI Podcast team tackling the latest developments in bankruptcy courts and distressed situations, including J&J, WeWork, Ardagh Group, Yellow, Diamond Sports, Spirit Airlines, 99 Cents Only Stores and Express.