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 ...