Jonathan Young, chair of Troutman Pepper Locke’s Bankruptcy and Restructuring Practice Group, was quoted in the September 12, 2025 The Deal article, “Spirit Puts Spotlight on Chapter 22 Filings.”

  • “To the extent that you build a model, cut a deal, engineer an exit then you undershoot your numbers – that’s really regrettable, but forecasting is an inherently uncertain business, and some sectors are struggling,” said Jonathan W. Young, bankruptcy practice chair at Troutman Pepper Locke LLP.
  • For consumer facing business models reliant on discretionary spending, “All of these confirmed 11s are built around pro forma financial plans that hinge on a certain amount of revenue and patronage,” Young said. “If you don’t meet your numbers, you don’t meet your numbers.”
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