US Bankruptcy Tracker: Courts See Most New Cases Since May

US bankruptcy courts recorded eight new, large filings last week while the pile of distressed debt shrank by $7 billion, according to data compiled by Bloomberg.

• Last week’s filings — those with at least $50 million of liabilities — included trucking firm Yellow and cargo airline Western Global
  • It was the busiest week for big bankruptcies since May, according to data compiled by Bloomberg
• Meanwhile, $248.7 billion of dollar-denominated corporate bonds and loans in the Americas traded at distressed levels in the week ended Friday, a 2.74% decrease from $255.7 billion a week earlier, Bloomberg-compiled data shows
  • That marks the ...