Survey predicts increased need for Chapter 11 restructuring in certain industries

Since the end of the Great Recession, the number of individuals and businesses filing for Chapter 11 bankruptcy has declined significantly. However, a recent survey of 165 bankers, fund managers, lawyers and other restructuring professionals suggests that the United States may see an uptick in Chapter 11 filings in certain industries.

In the Ninth North American Restructuring Experts Survey, which was done by the consulting firm Alix Partners, respondents predicted that the energy sector, the resource sector, the retail industry and the health care industry are likely to experience the most distress and will probably do the most restructuring.

The survey is particularly interesting because it offers predictions for the U.S. and internationally. Those surveyed said they expect financial distress to affect energy and resource providers about the same in the U.S. and in other countries. However, retail was predicted to be more distressed in the U.S. than elsewhere. The rise in retail bankruptcies in recent years is due in large part to the pressure e-commerce has placed on brick-and-mortar retailers.

Respondents ranked the U.S. health care industry as the third most likely to see a significant rise in restructuring activities, while on the global list health care was ranked near the bottom. Of course, changes required by the Affordable Care Act have played a major part in the need for health care companies to change their business models. In other countries, health care is run and regulated by the government, and those markets remain relatively stable.

You can read more about the survey in a recent report in Spend Matters.

If you have questions about restructuring plans under Chapter 11, then speak with an experienced bankruptcy attorney. 

No Comments

Leave a comment
Comment Information
  • NBLSC Board Certified Lawyer Rated By Super Lawyers | Ryan P. Durham Rated By Super Lawyers | Ben Boston
  • Tennessee Association For Justice | Member 2015-2016 American Association For Premier DUI Attorneys The National Trial Lawyers | Top 100 Trial Lawyers
  • American Institute of Family Law Attorneys | 10 best 2015 American Institute of Personal Injury attorneys | 10 best 2016 AV preeminent |  Jeffery Broker

Schedule a Consultation Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Shulman Bastian LLP | Full Service. Business. Lawyers.

100 Spectrum Center Drive
Suite 600
Irvine, CA 92618

Map & Directions

3550 Vine Street
Suite 210
Riverside, CA 92507

Map & Directions