At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record.
Among the firms seeking Chapter 11 protection were digital media group Vice Media and as reported here Monday (May 15) private equity-backed healthcare firm Envision.
According to a Bloomberg News report, this was the largest number of bankruptcy filings recorded for a two-day stretch since at least 2008.
Among the other weekend bankruptcies were biotech firm Athenex, oil producer Cox Operating, fire protection company Kidde-Fenwal, home security provider Monitronics International and chemical company Venator Materials.
Bloomberg notes that companies across a range of industries are coping with higher interest costs, making it harder to refina…
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