U.S. Bankruptcy Tracker: Supply Chain Disruption Kicks Up Stress

Though corporate bankruptcy activity remains muted, the volume of filings could pick up within the next year or two for middle-market companies and others that are “less prepared for big events and shifts,” said Cowen Inc. restructuring banker Lorie Beers.

Five large companies filed for bankruptcy in the U.S. last week, marking a third straight week with a relatively elevated number of filings. Still, the pace has slowed substantially: in 2020, the third week of June saw thirteen.

Disruption to supply chains including the semi-conductor shortage “have changed industry metrics,” and could result in future bankruptcy filings, said Beers, ...