ANALYSIS: Are Chapter 11s on the Rise—Or Just Holding Steady?

Bankruptcy and restructuring attorneys tend to thrive in economically chaotic times, but 2022—despite its market mayhem—hasn’t necessarily delivered with respect to new Chapter 11 cases.

While the past four months (with the exception of July) have been busy in terms of Chapter 11 petition totals, a closer look reveals that actual Chapter 11 activity has been relatively steady all this year. When using Chapter 11 filings as a measure of distress, it’s important to take a look behind the numbers because affiliate filings can obscure the actual caseloads, as this year has demonstrated.

A company that files Chapter 11 ...