Law360 Quotes Locke Lord Partner Jonathan Young on 2024 Midyear Bankruptcy Trends

Jonathan Young, Co-Chair of Locke Lord’s Bankruptcy, Restructuring and Insolvency Practice Group, was quoted by Law360 on the top bankruptcy trends for the first half of 2024. From an uptick in Chapter 11 filings to increased congressional pressure to extend the Subchapter V bankruptcy debt limit, the bankruptcy world has had a busy year on several fronts. The article notes that Chapter 11 bankruptcy filings saw a 34 percent increase from the same period during the previous year.

“The story of the first six months is that on a lot of over-leveraged balance sheets and businesses dealing with operational or financial challenges, you had a lot more recourse to Chapter 11 than you did last year,” Young says. “It seems to be across a number of sectors.”

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