Credit: JHVEPhoto/Adobe Stock Corporate Bankruptcies Slow Down in Q3 as Weil, Davis Polk and Sidley Earn Major Retentions
The year is still on track to surpass 2023's business bankruptcy filings by 25%, a new report shows.
October 04, 2024 at 05:08 PM
3 minute read
Bankruptcy
What You Need to Know
- Business bankruptcy slowed down in Q3 after a particularly hot Q2, new data indicate.
- The rate of large bankruptcies with more than $500 million in liabilities is also trending down.
- Weil earned two major debtor retentions last quarter while Davis Polk and Sidley Austin landed two of the largest Chapter 11s.
The pace of large corporate bankruptcy filings slowed in the third quarter, but new data shows 2024 is still on track to surpass 2023 in terms of business bankruptcies of all sizes.
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