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Bankruptcy Law

U.S. Bankruptcy Tracker: Ex-Judge Says Worse Is Yet To Come

Oct. 6, 2020, 1:00 PM

The avalanche of bankruptcies isn’t expected to stop any time soon as damage to the U.S. economy from Covid-19 spreads. After the worst third quarter ever, more companies may seek protection from creditors than in any year since the global financial crisis.

“It wouldn’t surprise me if we hit a record for filings this year,” said Kevin Carey, a partner at Hogan Lovells, who was a bankruptcy judge in Delaware for 14 years. “Companies are going to continue to experience distress. They have rent to pay, whether it’s an office or manufacturing facility, debt service to keep up...

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