US Bankruptcy Tracker: Filings Arrive at Fastest Pace Since 2009

At least 39 large companies have filed for bankruptcy in the US so far this year, marking the fastest pace since 2009, according to data compiled by Bloomberg.

• Last week’s seven large filings — those tied to at least $50 million of liabilities — include the liquidation of generic drugmaker Akorn and the Chapter 11 filing of Covid-19 testmaker Lucira Health
  • US courts had seen 63 large filings at this point in 2009, according to data compiled by Bloomberg
• The heap of dollar-denominated corporate bonds and loans in the Americas trading at distressed levels rose to $237.2 billion in the ...