2021 Mid-Year Chapter 11 Review – First Day
In a presentation moderated by the ABI’s Bill Rochelle, our First Day team will provide an overview of their midyear review, detailing chapter 11 filings data and trends during the first half 2021. They will provide industry-level insight across various sectors and highlight key takeaways.
Background to the First Day by Reorg Midyear Review 2021
Coming off a record-setting year of chapter 11 filings in 2020 as the Covid-19 pandemic swept the globe and impacted multiple industries, the first half of 2021 trended well below historical averages, with a low point in May. Compared to the busiest second and third quarters of 2020 where consumer discretionary sector cases, and in particular, brick-and-mortar heavy companies, were filing with unprecedented frequency, 2021’s H1’s consumer discretionary chapter 11 cases dropped by almost half. Real estate was the only industry to see an increase in chapter 11 filings, as compared with both H1 2020 and H2 2020, as hotels and commercial real estate struggled.
Watch the replay here: https://reorg.com/reorg-abi-webinar-first-day-by-reorg-midyear-review/