US Bankruptcy Tracker: Two Filings Hit as Distress Stays Muted

Two large companies filed for bankruptcy in the US last week while the pile of distressed corporate debt remained relatively steady, according to data compiled by Bloomberg.

• Last week’s big bankruptcy filings — those related to at least $50 million of liabilities — include arts and crafts retailer Joann Inc. and elder-care firm Petersen Health Care Inc.
• About $199.5 billion of dollar-denominated corporate bonds and loans in the Americas traded at distressed levels in the week ended Friday, a roughly 1.12% increase from the previous week
  • To view historical distressed debt data, click the chart below

• The following is ...