A storied legal practice that helped shape corporate Chapter 11 restructuring is winding down, underscoring broader consolidation across the distressed advisory sector.

Creditors of private equity-backed Resource Label Group are organizing to explore balance sheet restructuring options as elevated borrowing costs weigh on cash flow.

A massive $300 billion wave of corporate maturities is bearing down on sponsor-backed companies, forcing buyout sponsors to confront higher capital costs and tighter credit conditions.