US Bankruptcy Tracker: Courts Slow Down After Breakneck Week

Bankruptcy courts saw just one big bankruptcy filing last week, a stark step-down from the 14 seen two weeks ago, according to data compiled by Bloomberg.

• Discount retailer 99 Cents Only filed for Chapter 11 protection last week with plans to wind down
  • See: 99 Cents Only Stores Goes Bankrupt as Inflation Keeps Biting
  • Just one week prior, US courts saw the most filings in a one week period in 15 years
• Some $198.9 billion of dollar-denominated corporate bonds and loans in the Americas traded at distressed levels as of Friday, up 3.92% from a week earlier, Bloomberg-compiled figures show ...