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What We Are Hearing…

By: LEAN Staff

What we are hearing…

A recent WSJ article highlighted a 77% jump in chapter 11 bankruptcy filings in July compared to a year ago. The article said “the summer pickup in filings might not be a permanent return to the time before low-interest rates and high filing costs kept many away from the bankruptcy courts.”

Shaunna Jones, bankruptcy lawyer at Willkie Farr & Gallagher LLP described this summer as one that has “pockets of business but still feels very lumpy.”

This report, coupled with recent conversations with a couple of large leasing companies who indicate that they are beefing up their recovery department suggest that the recent period of low delinquency rates may be coming to an end.