Bankruptcy is, like The Borg in Star Trek, inevitable for many entities struggling with higher interest rates. You might consider discussing regional banks that will be facing financially struggling creditors -- particularly real estate creditors that don't have the rent rolls to support rising rates. At what point will the Federal Government have to step in to guarantee the debt of refinancing borrowers whose loans will have to be recast to capture previously paid interest as principal repayment. The tsunami is coming.