NO CLE - ABI-Live: First Day by Reorg: 2021 Chapter 11 Filings, A Year in Review

Kirkland & Ellis LLP's Josh Sussberg will join Jessica Steinhagen and Ian Howland of Reorg's First Day team to provide an overview of 2021 chapter 11 filings data and trends, moderated by ABI Public Affairs Officer John Hartgen. They will also provide industry-level insights across various sectors and highlight key takeaways.

Following 2020, the busiest year for chapter 11s on First Day record, 2021 was the slowest and is the first in at least six years to record fewer than 300 cases, with 275. All sectors recorded a drop in filings except for real estate and utilities. Real estate matched 2020’s total exactly, and utilities were up 57% because of Winter Storm Uri’s impact on power-producers in Texas. 2021 included five real estate chapter 11s with more than $1 billion in debt; the sector led all others with respect to filings.