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ARTICLE · 06 JANUARY 2021

What We're Reading This Week [January 4, 2021]

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As reported in Yahoo Finance, the first trading day of 2021 was off to a rocky start in the U.S. Despite progress on COVID vaccine distribution...

United StatesInsolvency/Bankruptcy/Re-Structuring
Joshua R. Gross
Joshua R. Gross
Sean Scott
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As reported in Yahoo Finance, the first trading day of 2021 was off to a rocky start in the U.S.  Despite progress on COVID vaccine distribution, markets reacted to the discovery of a highly transmissible strain of COVID in the US, which comes with a greater risk of lockdowns, along with uncertainty surrounding the Georgia runoff elections and the composition of the 117th Congress. [Yahoo Finance; Jan. 4, 2021]

The Houston Chronicle notes the continued rise of Texas as a center of major commercial bankruptcy activity in 2020.  In the first 11 months of 2020, commercial bankruptcy filings in Texas nearly tripled over the same period in 2019.  While this filing boom was led by the oil & gas sector, major and minor retailers also opted to file in Texas, including big names like J.C. Penney, Neiman Marcus, and Tuesday Morning.  [Houston Chronicle; Dec. 30, 2020]

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