Junk bonds, also known as high-yield bonds or noninvestment-grade bonds, get their name because of their high default risk (i.e. inability to make required payments on debt obligations) relative to investment-grade bonds.
Junk bonds have a credit rating of BB or lower by S&B or Ba or lower by Moody’s.
Not only are junk bonds risky in that investors may never see a return on their investment, many junk bonds do not allow investors to cash out for one to two years.
If you have a low risk tolerance, a junk bond was likely an unsuitable investment for you. If you’ve lost money due to a broker’s negligence in recommending a junk bond, consult with an experienced lawyer who can review your case.
Step 1.
Talk to an Experienced Attorney Today
Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!
Step 2.
Quick Review of Your Paperwork
If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.
Step 3.
Signed Attorney/Client Agreement
If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*
*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.
