Bankruptcy Related Content

Overall Bankruptcy Filings Hit Lowest Mark in 35 Years in 2020 Despite Rise in Chapter 11s

According to Epiq, 2020 had the lowest number of bankruptcy filings in the U.S. since 1968, with a total of 529,068 filings across all chapters. However, Chapter 11 filings continued to grow year-over-year, rising 29% to 7,128 new filings in 2020 compared with 5,518 in 2019. read more

Walking Through the Shadows of Bankruptcy: Financing Equipment in Time of Distress

Many equipment lessees have been hit hard by the economic downturn caused by the COVID-19 pandemic. Inez Markovich and Howard Brod Brownstein outline the rights and remedies of equipment finance lessors and lenders when their customers face temporary distress or a Chapter 11 filing. ... read more

Six Takeaways from Beyond the Curve: The Great Reset from Collections to Repossessions

Monitor Live+ Beyond the Curve: The Great Reset from Collections to Repossessions offered valuable takeaways for the industry, offering a legal perspective on the topics of collection, litigation and recovery efforts in a post-pandemic climate.  read more

Greenberg Traurig Re-joins Forces with Bankruptcy Guru Zirinsky

Greenberg Traurig rejoined forces with Bruce Zirinsky, who has played a prominent role in restructurings and bankruptcies covering a broad cross-section of industries, including equipment leasing and finance. read more

Bristow Files for Chapter 11 Proceedings; Lenders Commit to $75MM DIP

Bristow Group has voluntarily filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. Its lenders provided a commitment for $75 million in debtor-in-possession financing that would be available upon Court approval. read more

Senators Propose Changes to Chapter 11 for Small Businesses

The Wall Street Journal reported that two senators have proposed changes to Chapter 11 filings for small businesses with debt of $2.5 million or less, which could expedite the process at a lower cost. read more