“Credit Crunch Fuels 48-Hour Bankruptcy Rush With Seven Filings”
May 16, 2023
“At least seven large companies filed for Chapter 11 bankruptcy protection in less than 48 hours, a breakneck pace of restructurings that included once-hot digital-broadcaster Vice Media LLC and KKR & Co.-backed Envision Healthcare Corp.
That’s the largest number of filings on record during a two-day period since at least 2008, according to Bloomberg-compiled data on companies with at least $50 million of liabilities. And it comes as two Federal Reserve officials signaled that they favor a pause in their aggressive monetary-tightening campaign amid the ongoing fallout in credit markets…”
https://finance.yahoo.com/news/us-credit-crunch-claims-seven-102459608.html
The 7 companies that filed for bankruptcy are: Vice Media, Monitronics, Envision Healthcare, Venator Materials, Cox Operating, Athenex, and Kidde-Fenwal