U.S. Bankruptcy Tracker: Filings Slide to Zero as Pandemic Eases
- Marks the first week since January 2020 with no bankruptcies
- No companies with at least $50 million in liabilities filed
This article is for subscribers only.
To get a sense of just how quickly corporate America has bounced back from the pandemic, consider this: for the first time since January 2020, U.S. bankruptcy courts saw no large Chapter 11 bankruptcy filings last week.
The halt in filings by companies with at least $50 million of liabilities comes as re-openings and vaccinations pick up steam. Bankruptcies and restructuring in the lodging sector and others related to leisure and travel should continue to decline as vaccines roll out globally, Ronen Bojmel, head of restructuring at Guggenheim Securities, said in an interview.