U.S. Bankruptcy Tracker: Real Estate Dominates Filings Flurry
- Falling cash, debt pledged against assets weigh on real estate
- Distressed debt in sector rose amid easing in other industries
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The busiest week for bankruptcies in a month was dominated by real estate companies, which have sought protection from creditors this year at the fastest pace since 2011.
Two real estate companies with assets over $50 million filed for Chapter 11 in the week ended Dec. 12, when there were a total of five bankruptcies. Twenty large real estate companies have filed for Chapter 11 protection so far this year, data compiled by Bloomberg show.