alex partners is an advisory that specializes in corporate turn around and restructuring and fred crawfordfirm's ceo in -- okay, so year-over-year, what about last year versus the prior year? was that down, as well? >> it was, you remember in the '08/'09 financial crisis, we saw credit markets froze up. since then, with the fed's policies along with very accommodative interest rates and lending policies, we've seen really historical low restructurings for the last three or four years. >> if you have declared bankruptcy with the fed at zero and with all of this accommodation, you should probably get out of the business of managing -- of trying to start a business. if you can't start a successful business in the last couple of years, you've got problems, right? >> for sure. and certainly in an environment like this, companies that historically would've went into bankruptcy -- >> have not. >> have not. >> they've had time, the ability to push out or restructure their debt. and it's given lots of businesses the opportunity for longer runway to recover. >> are we in a position where the old exp