Many bankruptcy practitioners expected a tidal wave of Chapter 11 cases at the outset of the Covid-19 pandemic, but the increased caseload wasn’t as dramatic as predicted, and was followed by a bankruptcy drought.
However, the long-anticipated bankruptcy wave is finally crashing on our shores this year. Chapter 11 filings are up, promising steady work for bankruptcy and restructuring attorneys for quite a while.
I’ve taken a look at Chapter 11 bankruptcy cases that have been filed since the beginning of the year, and have identified six trends that make this latest wave unique.
1. Headwinds Driving Companies ...
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