Exclusive: Texas Business Bankruptcy Filings Spike Again

Many oil and gas industry businesses knew they needed to file for bankruptcy in 2016 because of their crushing debt loads, but they held off until oil prices climbed into the $40 to $50 range because it gave those companies more options in their efforts to restructure, says Jeremy Fielding, a bankruptcy litigator at Lynn Pinker Cox & Hurst in Dallas.

Read the entire article at Texas Lawbook (subscription required).