Distressed-debt specialist SSG Capital Management is nearing a final close on its fifth flagship fund and has surpassed its $1.5 billion target, according to a person familiar with the matter.

Bloomberg reports that the number of distressed bonds is increasing at the fastest rate since 2003, while a Merrill Lynch index indicates the number has quintupled to $24.8B since June.

5. Waiting Too Long Even real estate professionals who aren’t interested in acquiring distressed assets should be concerned about the growing number of bankruptcies.

North Staffordshire Justice Centre heard that when police arrived, a number of children were in a distressed state. And as the defendant was arrested, she twice kicked out at an officer.

Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation ...