Bankruptcy

ABI: January Total Bankruptcy Filings Decrease More Than 40% Y/Y

Total bankruptcy filings fell more than 40% in January 2021 compared to last year, according to data provided to the ABI by Epiq. Commercial chapter 11 filings in January 2021 totaled 479, a 24% drop from the 631 commercial chapter 11 filings in January 2020. read more

Chapter 11 Filings Rise 78% Y/Y in September, Up 33% Overall in 2020

According to Epiq, continuing the trend from August, commercial Chapter 11 filings in September were up 78% compared with September 2019, with 747 new filings vs. 420 during September of last year. read more

ABI: COVID-19 Exacerbates ‘Pre-Existing’ Conditions of Financially Struggling SNFs

Those practicing in and for skilled-nursing facilities (SNFs) expected failure and death at rates greater than other healthcare settings because of “pre-existing conditions” of the industry, according to an article in the ABI Journal. read more

Chapter 11 U.S. Commercial Bankruptcy Filings Rise 17% in August

Commercial Chapter 11 filings rose 17% in August 2020 compared with August 2019, according to Epiq, with 525 new filings in the month up from 449 in the same month last year. read more

July Commercial Chapter 11 Filings Increase 52% Y/Y, Total Filings Down 33%

Total commercial Chapter 11 filings in July 2020 increased 52% from the previous year, according to data provided by Epiq. read more

ABI: Commercial Chapter 11 Filings Up 26% Y/Y, Bankruptcy Filings Down 23% in H1/20

The ABI reported total commercial Chapter 11 filings during the first six months of 2020 increased 26% to 3,604 from the 2,855 total filings during the same period in 2019, according to data provided by Epiq. read more

Hornbeck Offshore Reorganization Plan Approved by Court

Hornbeck Offshore’s Joint Prepackaged Chapter 11 plan of reorganization was approved by the Honorable David R. Jones of the U.S. District Court for the Southern District of Texas. read more

Extraction Oil & Gas Files for Chapter 11, Wells Provides $125MM DIP Facility

Extraction Oil & Gas has voluntarily filed for petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Wells Fargo has underwritten a $125 million DIP financing facility, subject to Court approval.  read more

Hundreds of Celadon Trucks for Sale at Upcoming Ritchie Bros. Auctions

Ritchie Bros. was chosen to sell select trucks and trailers owned by Celadon Group, which filed for Chapter 11 bankruptcy protection in December 2019. read more

Celadon to Declare Bankruptcy; Could Leave Thousands of Drivers Stranded

According to Business Insider, Celadon Trucking plans to file for bankruptcy by December 11. It would potentially be the largest truckload bankruptcy in history. read more

ABI: Total US Bankruptcy Filings Up 6% Y/Y

Commercial chapter 11 filings totaled 414 in September, a 33% increase over September 2018’s total of 312 filings, according to the American Bankruptcy Institute. read more

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Terry Mulreany
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