Report: Oil Sector Bankruptcies Drop to Two-Year Low
According to the Houston Chronicle, oil sector bankruptcies have fallen to a two-year low as crude oil prices rise.
December 29, 2016
bankruptcies | Oil & Gas
ABF Journal
According to the Houston Chronicle, oil sector bankruptcies have fallen to a two-year low as crude oil prices rise.
According to a new Fitch Ratings report, U.S. asset-based lending facilities present in a defaulted issuer’s capital structure demonstrated complete recoveries in a bankruptcy scenario..
Given what Spence Mehl calls “a bloodbath of bankruptcies” in the retail space in 2008 and 2009, last year brought surprisingly fewer bankruptcies than most had anticipated. And while bankruptcy still loomed heavily for nearly all the big chains in 2010, the difference was that retailers themselves executed their own top-to-bottom restructuring plans. But, Mehl warns, retailers aren’t out of the woods yet.