By Jessica DiNapoli NEW YORK (Reuters) – As the era of cheap money gradually draws to a close and rising inflation and interest rates cast a shadow over Wall Street’s nine-year bull market, one corner of the financial industry is cheering. Debt restructuring experts are gearing up for a pickup in business, expecting more debt defaults and more financial stress in general ahead, an ominous sign for investors already rattled by last month’s stock market sell-off. Restructuring advisors at several firms told Reuters they were more optimistic now than at any time since the 2008 financial crisis, and have started preparing for a wave of debt overhauls that could begin in earnest as early as 2019 and last for years. “We are recruiting heavily, junior people, MBAs, operational people… We are seeing significant growth and significant hiring,” said Lisa Donahue, global leader of the turnaround and restructuring practice at consulting firm AlixPartners LLP. That confidence reflects the view that rising interest rates will make it harder for struggling companies to borrow more or roll over their debt, as the era of abundant cheap credit fuelled by the Federal Reserve’s zero-rate policy and its asset buying draws to a close. Restructuring…