U.S. Bankruptcy Tracker: Filings Cut in Half Since Covid Wave

The number of large corporate bankruptcies dropped by almost half in April from a year earlier, while the amount of tradable distressed debt fell to the lowest since the pandemic began.

There were 10 bankruptcy filings from companies with at least $50 million of liabilities in April, according to data compiled by Bloomberg. That’s down from 19 in the same period last year.

Secure Home Holdings, which provides home and commercial alarm systems, was the only large company in the U.S. to seek court protection last week. It owes lenders more than $200 million and entered bankruptcy with plans ...