 | | Featured Premium Content | | | | | Debtwire: Investors See Opportunity, Risk in Forecasted Rise of Private Credit Restructuring
Private credit markets have thrived in a low-rate, high-liquidity environment for years, with few defaults and steady returns. Restructuring experts and opportunistic investors warn that era is now ending. High interest rates, struggling borrowers and risky deals from 2020 and 2021 are pushing lenders away from traditional lending and toward restructuring, rescuing or taking control over troubled companies, panelists said at the Debtwire Private Credit Forum in New York. READ MORE | | | | | SPONSORED CONTENTDefault Rate May Not Tell the Whole StoryThe expected increase in loan defaults in 2024 never materialized. But while corporate credit health appears strong on the surface, there are signs of potential weakness underneath. This article examines current trends to help you stay informed about silent loan defaults, private credit default trends, impacts on maturities, and more. DOWNLOAD THE ARTICLE | | ABI Website Revamp Taking Place Through July 7; Member Action Required
ABI is unveiling a completely redesigned website after the July 4th holiday. Please note that ABI’s website will be unavailable from Thursday, July 3, at 5:00 p.m. EDT until Monday, July 7, at 9:00 a.m. EDT. Our revamped website — combined with a simultaneous conversion to a new customer relationship management platform — will require all ABI members to create a new password to access the member portion of the website, including their member profile. Members will receive an email on July 7 with a link and instructions about how to change their password. Members can use their email and that new password to log into the new website. Click here for more information. | | |  | | Editor's Picks | | | | | Total Bankruptcy Filings Increased 10 Percent in the First Half of 2025
Total bankruptcy filings were 276,126 during the first six months of 2025, a 10 percent increase from the 251,069 total filings during the same period a year ago, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Total individual filings registered an 11 percent increase, as the 260,938 filings during the first half of 2025 were up from the 235,849 filings during the first six months of 2024. Individual chapter 7 filings climbed to 163,219 during the first half of 2025, an increase of 15 percent over the 141,566 chapter 7 filings in the first half of 2024. READ MORE | | Dr. Phil’s Upstart TV Network Files for Bankruptcy
Merit Street Media, a year-old television network and streaming service backed by TV personality and counselor Dr. Phillip C. McGraw, has filed for bankruptcy and is going off air, saying that a joint-venture partner reneged on a deal to provide nationwide distribution, WSJ Pro Bankruptcy reported. The Fort Worth, Texas-based business, which launched in April 2024, sought protection from creditors Wednesday after its partner, Trinity Broadcasting of Texas, improperly saddled it with more than $100 million in liabilities, according to Merit Street Media’s filing with the U.S. Bankruptcy Court in Dallas. READ MORE | | California Rental Empire Faces Fire Sale Risk in Court Fight
A portfolio of valuable California properties, including a hotel in the exclusive enclave of Laguna Beach, may be forced into liquidation at fire-sale prices because of a bitter court fight between the owners, Bloomberg News reported. Some of the properties were once valued at a collective $360 million and sales of these assets should cover debt put on them over the years, according to court filings. But a court-supervised sale process has fallen apart because of a fight for control of the company that manages the real estate. (Subscription required.) READ MORE
MORE NEWS BELOW | | | | |  | | Upcoming Events | | | | | ABI Northeast Bankruptcy Conference & Consumer ForumOmni Mt. Washington Resort
July 14-16 | Bretton Woods, N.H. | | ABI Southeast Bankruptcy WorkshopThe Ritz-Carlton, Amelia Island
July 24-27 | Amelia Island, Fla. | | | | | ABI@NCBJ
ABI is honored to be hosting a reception at 4:30 p.m. on Thursday, Sept. 18, 2025, at NCBJ in Chicago, as well as educational sessions on Friday, Sept. 19. To register for the conference, please click here. At NCBJ, ABI also will be handing out the 2025 Judge William L. Norton Jr. Judicial Excellence Award. Nominations for that award will be accepted until July 15, 2025, and can be submitted at arin.berkson@thomsonreuters.com. | |  | | Daily Roundup | | | | | Sunnova Encouraged Dealers to Keep Selling Solar Panels as Financial Woes Mounted
Each year, hundreds of dealers for solar-panel company Sunnova Energy International gather for a summit to celebrate a year’s hard work. But this February, they came to the glitzy Town & Country resort in San Diego looking for answers, WSJ Pro Bankruptcy reported. Sunnova was months behind on its payments to dealers, who sell and install its home solar-energy systems and depend on timely reimbursements from the company to recoup upfront costs. READ MORE | | SEC’s Atkins Says Rules on Blank-Check Companies to Be Reviewed
Securities and Exchange Commission Chairman Paul Atkins said the agency will examine rules that had stepped up oversight of U.S. blank-check companies, Bloomberg News reported. Atkins told CNBC on Wednesday that the regulations for special purpose acquisition companies had been “rather controversial” and that the SEC would review them. Last year, the agency tightened its oversight of SPACs to require more disclosure, crack down on conflicts of interest and try to speed up the dealmaking process. READ MORE | | U.S. Private Employers Cut 33,000 Jobs in June, the Latest Sign of a Slowing Labor Market
Private employers unexpectedly cut 33,000 jobs in June, the latest signal of an intensifying slowdown in the U.S. labor market, YahooFinance.com reported. On Wednesday, data from ADP showed private payrolls fell by 33,000 last month in June, below the 29,000 job gains seen in May and the 98,000 additions expected by economists. READ MORE | | Ripple Applies for U.S. National Bank Charter as Crypto Eyes Next Frontier
Crypto firm Ripple is applying for a national bank charter in the United States, its CEO Brad Garlinghouse wrote in a social media post on Wednesday, following a similar move by stablecoin giant Circle, Reuters reported. The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system. READ MORE | | SEC, SolarWinds Reach Preliminary Deal to End Breach Lawsuit
The U.S. Securities and Exchange Commission has reached a deal in principle with SolarWinds Corp and its top security officer to end litigation tied to a Russia-linked cyberattack involving the software firm, they said in a court filing on Wednesday, Reuters reported. The SEC, SolarWinds and its chief information security officer, Timothy Brown, asked a federal judge on Wednesday to stay court proceedings while they finalize paperwork for a settlement. The judge granted their motion, filings showed. In what was seen as a landmark case, the SEC sued the software company and its top security executive in connection with a two-year cyberattack known as Sunburst that targeted Austin, Texas-based SolarWinds. A judge dismissed much of the regulator's case last year. READ MORE | | | | |
