Bankruptcy filings of larger companies continued to fall in the first half of 2022, according to Cornerstone Research. Currently they’re at below normal levels, which makes sense if you consider that the economic conditions of the pandemic would have shaken out some weaker companies.

The report looked at Chapter 7 and Chapter 11 bankruptcies among public and private companies with at least $100 million in assets. Notably, that wouldn’t include Chapter 13 bankruptcies in which companies petition to reorganize. While a Chapter 7 or 11 bankruptcy means a company going out of business, the conditions of a Chapter 13 bankruptcy can mean vendors, including landlords, taking significant haircuts.

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Erik Sherman

 

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