US Bankruptcy Tracker: Courts Slow, Distressed Debt Shrinks

US bankruptcy courts recorded one major filing last week, while the pile of distressed debt shrank by $14.3 billion, according to data compiled by Bloomberg.

• Last week’s large filings — those with at least $50 million of liabilities — came from Starboard Group, a fast food franchisee that runs dozens of Wendy’s restaurants
• Meanwhile, $244.7 billion of dollar-denominated corporate bonds and loans in the Americas traded at distressed levels in the week ended Friday, a 5.5% decrease from $259 billion a week earlier, Bloomberg-compiled data shows
• To view historical distressed debt data, click the chart below

• The following is ...