U.S. Bankruptcy Tracker: First Quarter Was Busier Than Average

April 6, 2021, 1:00 PM

Bankruptcy courts saw a greater-than-average number of filings in the first quarter, though a year-on-year decline highlights the impact of cheap cash flowing to troubled borrowers.

All told, 45 firms with at least $50 million of liabilities sought court protection from creditors in the U.S. during the first three months of the year. The pace matched that of the final quarter of 2020, but it’s slower than the 52 filings seen in the corresponding period of last year.

Excluding 2020, such a pace hasn’t been seen since 2010, which saw 48 filings in the first quarter, according to data compiled ...

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