Law360

The bankruptcy trends in 2023 were interesting, particularly as filings increased in all chapters compared to 2022, despite the overall number of total filings being still lower than it was before the pandemic, according to an article written by Epiq's Deirdre O'Connor.

Deirdre O'Connor, Managing Director Corporate Restructuring, Epiq

"The takeaways? Inflation has not yet been curbed, interest rates are steadily rising, and it is more expensive to borrow money. On top of this, a large amount of outstanding corporate debt is quickly approaching maturity. This makes it extremely challenging for organizations to save or obtain money to pay off these debts, which was a big contributor to the bankruptcy spikes in 2023."

Read the full article here.


Contact
Carrie Trent
Epiq, Director of Communications & Public Relations
Carrie.Trent@epiqglobal.com