Danny Davis

As the economic backdrop worsens, debt will inevitably become a more onerous burden for corporate borrowers, with many stable businesses at risk of failure because of the cost and inaccessibility of debt finance. The head of insolvency at London law firm Mishcon de Reya explains to Matthew Attwood why opting for leniency might help creditors protect their interests.

What will be the extent of the downturn? When will it peak in terms of insolvencies?

If I knew which way the market was going to turn