U.S. Bankruptcy Tracker: 121 Large Companies Filed in 2021

No large companies filed for bankruptcy in the last week of 2021 while the pile of distressed debt outstanding declined.

• U.S. courts last year saw 121 large bankruptcies -- cases involving liabilities of at least $50 million -- compared to 244 in the same period in 2020, according to data compiled by Bloomberg
  • That’s lower than the 10-year average of about 130 cases during that period

Source: Bloomberg

• Elsewhere, the total amount of traded distressed bonds and loans fell about 6.5% week-over-week to about $62 billion as of Dec. 31, data compiled by Bloomberg show
• There were 125 distressed bonds and ...