Construction, accommodation and food services saw the biggest increase in insolvencies
Inflation, end of Covid-19 support helped drive the increase
BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion
Decision on investor priority motion likely to come in early January
Many FTX Group companies had no appropriate corporate governance nor held board meetings
One consequence could be more regulation
Bankruptcy and debt restructuring activity on the rise
A hearing next month will examine whether certain investors are entitled to priority claims
Bankruptcies and debt restructurings were up sharply from last year
Despite monthly easing, activity remains elevated from 2021