First Day by Reorg: 2022 Chapter 11 Filings by Month
Reorg’s First Day team provides timely alerts and expert analysis of new chapter 11 cases.
Each Wednesday, the First Day team publishes a weekly wrap of high-level analysis on chapter 11 filing trends. The following extract is from the weekly wrap dated September 2, 2022 —
This week is the sixth consecutive week to include a billion-dollar chapter 11 filing – this time from automotive and LED lighting manufacturer Lumileds, bringing the year-to-date count of chapter 11s involving at least $1 billion in liabilities to 15, including nine in Q3, with nearly a full month remaining in the quarter.
August concluded with 23 cases for the month, making it the second busiest month of the year behind only June, which recorded 30 cases. The counts per month are shown below, broken down by sector:
To see more of our teams work, watch the 2021 Chapter 11 Filings, A Year in Review webinar replay.