Weil Bankruptcy Blog: Half Time Match Report
The summer solstice has come and gone, and with that, it is time for the Bankruptcy Blog to give you the restructuring industry score line at half time. In the 2012 Weil Bankruptcy Survey, we asked our esteemed readership what 2012 held in store for us. The overwhelming response was “Keep Calm and Carry On.” Let’s see if y’all were right.
Number of Jumbo Chapter 11 Cases
Bankruptcy Blog readers predicted between one and ten jumbo chapter 11 cases (assets over $1 billion) in 2012. There were ten such cases in 2011. At the mid-year point, we’re already up to nine, with four manufacturing cases, two financial services cases, and cases in the transport, publishing and telecom sectors. Our readers better hope the rest of the year is a quiet one or their predictions….”