Corporate bankruptcy filings are rising after a pandemic lull, totaling 236 this year through April, the highest total since 2010, according to S&P Global, WSJ Pro Bankruptcy reported. Houston stands to gain from that upswing, since its popularity as a bankruptcy venue has been growing for nearly a decade, according to a University of California, Los Angeles database that tracks large chapter 11 filings. While Houston only hosted around 4% of large public-company bankruptcies in 2012, that share reached 50% by 2020 and has stayed around there ever since. The city’s rise has elevated it alongside Wilmington, Del., and New York, long considered the most popular chapter 11 landing spots.
