U.S. Bankruptcy Tracker: Easy Money Delays ‘Great Reckoning’

A dip in the pace of U.S. bankruptcy filings belies growing pressure on heavily-indebted, pandemic-hit firms, according to legal experts, who foresee a Chapter 11 surge later this year.

Bankruptcy has been “calm, almost in an eerie way, given the stress we see and can feel in the atmosphere,” said James Holman, partner at law firm Duane Morris. “There is a wet blanket thrown over everything -- partly because of the liquidity that kept zombie companies alive.”

Read more: U.S. junk-bond yields drop below 4% for the first time ever

The central bank liquidity that flooded the market at ...