US Bankruptcy Tracker: One Filing as Distressed Debt Rises

May 1, 2024, 2:33 PM UTC

US courts saw one large bankruptcy filing last week while the pile of distressed debt grew, according to data compiled by Bloomberg.

  • Clothing retailer Express Inc. filed for Chapter 11 protection with plans to close stores and sell itself
    • Read More: Express Risks Liquidation If Buyout Deal Can’t Be Reached Soon
  • Some $207.9 billion of dollar-denominated corporate bonds and loans in the Americas traded at distressed levels as of Friday, up 5.48% from $197.2 billion a week earlier, Bloomberg-compiled figures show
    • To view historical distressed debt data, click the chart below
  • The following is a breakout of distressed debt ...









Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.