Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13% jump from the 1,263 filings recorded in 2021, according to Epiq Bankruptcy. read more

JAN 6, 2023 - 7:19 am

Philippine Airlines emerged from its voluntary Chapter 11 proceedings, completing its financial restructuring within four months. Philippine Airlines’ plan of reorganization provides for more than $2 billion in permanent balance sheet reductions from existing creditors. read more

JAN 3, 2022 - 6:45 am

Nordic Aviation Capital entered into a restructuring support agreement with its equity holders and lenders and filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. As part of the restructuring, the company obtained $170 million in debtor-in-possession financing. read more

DEC 20, 2021 - 6:56 am

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

FEB 8, 2021 - 5:00 am

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

OCT 6, 2020 - 7:24 am

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

SEP 28, 2020 - 7:04 am

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

SEP 8, 2020 - 7:56 am

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

AUG 6, 2020 - 7:34 am

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

JUL 7, 2020 - 6:29 am

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

JUN 30, 2020 - 6:05 am

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

JUN 15, 2020 - 6:45 am

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

MAR 6, 2020 - 6:25 am

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

DEC 9, 2019 - 6:35 am

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

OCT 7, 2019 - 6:10 am