This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Here a sample of the news on this front: Commercial bankruptcy filings across all chapters increased 20% in the first 9 months of 2024 compared to 2023, with 22,550 filings versus 18,774 according to Epiq AACER. Meanwhile, commercial Chapter11 filings increased 36% Allianze Trade forecasts bankruptcies in the US to increase by 12% in 2025.
Another thing trade creditors can study is companies that have defaulted or filed for bankruptcy. The company filed for Chapter11 bankruptcy protection in September 2010 and gradually closed its remaining stores. Despite efforts to negotiate with creditors, Hertz filed for Chapter11 bankruptcy protection in May 2020.
(Photo by Melinda Gimpel on Unsplash ) The American Bankruptcy Institute recently reported that, “The 6,067 total commercial chapter11 bankruptcies filed during the first nine months of 2024 represented a 36 percent increase over the 4,561 filed during the same period in 2023.”
Chapter11 filings, used by businesses hoping to reorganize, have increased by 34 percent in the first six months of 2024 compared to last year. Chapter 7 commercial liquidation filings are up 28 percent and sub-chapter V small business elections are up a staggering 61 percent despite the filing threshold recently being cut in half.
Collateralized loans are less risky to lenders, since they have a built-in safety net in case a borrower defaults. There are three options when filing for business bankruptcy: chapter11, 7, or 13. There are many different kinds of collateral , including property, inventory, personal guarantees , and blanket liens.
In February, Epiq Bankruptcy reported that commercial Chapter11 bankruptcy filings climbed 118 percent year-over-year. If the European parent company defaulted, the North American subsidiary would be pulled into bankruptcy even though its operations were profitable. There is also a sequel to this case study.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content