NEW YORK, July 03, 2020 (GLOBE NEWSWIRE) — Epiq, a global leader in legal services, released the June 2020 bankruptcy filings statistics today from its AACER business. Notably, commercial Chapter 11 filings are up 43% over June of last year, with 609 new filings, up from 424 from the same period last year. For the first half of 2020, total commercial Chapter 11 filings are up 26% with 3,604 new filings, up from 2,855 from the same period last year.
As expected, U.S. companies are seeking bankruptcy protection while the markets are recovering from the early stages of the global pandemic, says Deirdre OConnor, managing director for corporate restructuring at Epiq. In challenging economic environm…
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