Business bankruptcies in Texas skyrocketed in 2017 as debt hits height of lunacy – Dallas Business Journal

Filings by Texas companies seeking to restructure in federal bankruptcy court jumped more than 42 percent in 2017, nearly reaching the highs of the Great Recession eight years ago, according to new data obtained by The Texas Lawbook. Some corporate restructuring experts predict another wave of bankruptcies involving Texas businesses burdened with historic levels of …

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