The bankruptcy process is a complex one, with no two the same, but knowing what to expect is key for investors.

The roller coaster ride brought on by the fall in energy and commodity prices starting in fall 2014 has left a mark on investors’ attitude towards the space. Although prices have recovered from the low in February, the effects are evident in the rise in default rates from the lows of a few years ago to the highest level since 2009.

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