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Bankruptcy Experts: Middle Market’s ‘Day of Reckoning is Coming’

January 25, 2021 Mark Curriden

Corporate bankruptcies in Texas shattered all records during the first 11 months of 2020, as the Covid-19 pandemic and struggles in the oil patch sent an historic number of large, multibillion-dollar companies rushing to federal court to restructure. All that changed in December, as Chapter 11 business bankruptcies plummeted more than 60% from November.

But bankruptcy experts see a second blitz of bankruptcies – this time filed by middle market and smaller companies, which will be much more difficult to restructure – hitting the Texas courts in Q2 and Q3 2021 . . .

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Welcome to the New Texas Lawbook

Welcome to the new Texas Lawbook

We’ve been hard at work improving the way you experience the best law news in Texas. Today we are happy to launch our new and improved website. For more on what that means for you, check out this post from founder Mark Curriden.