U.S. Bankruptcy Tracker: Texas Energy Crisis; Subchapter V Surge

The Texas power crisis is threatening to spark a new wave of distress in the Lone Star State, following a going concern warning from Just Energy Group Inc.

“The Texas power loss will have a significant impact on businesses that haven’t been able to restore power and can be devastating to companies that were already in a crisis scenario,” bankruptcy lawyer George Angelich of Arent Fox said in an interview.

Canadian energy retailer Just Energy on Monday said it may have trouble continuing as a going concern after last week’s freezing weather cost it about $250 million.

Extreme gyrations in ...