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U.S. Bankruptcy Tracker: New Cases Scarce as Troubled Debt Falls

Dec. 14, 2021, 2:00 PM

Just one large company filed for bankruptcy last week while the pile of distressed debt outstanding shrunk.

  • Strike LLC, a pipeline builder, snapped a two-week lull in large bankruptcy filings last week when it filed for Chapter 11 protection
  • As of Monday, U.S. courts this year have seen 115 large bankruptcies -- cases involving liabilities of at least $50 million -- compared to 236 in the same period last year, according to data compiled by Bloomberg
    • That’s also lower than the 10-year average of about 125 cases during that period
Source: Bloomberg
  • Elsewhere, the total amount of traded distressed bonds and ...