This article is over 6 years old

Bauer Business Focus

Bankruptcy Attorneys Expect Increase In Bankruptcies From Oil Price Drop

Texas bankruptcy attorneys expect a 30 percent increase in business bankruptcy filings and restructurings this year. That would be the state’s fourth-highest level of business bankruptcy filings in 12 years.


To embed this piece of audio in your site, please use this code:

<iframe src="" style="height: 115px; width: 100%;"></iframe>
Marc Schwartz
Ed Mayberry
Company president and co-founder Marc Schwartz

Texas bankruptcy attorneys expect business bankruptcy filings and restructurings to increase 30 percent this year. That’s according to Houston financial restructuring firm HSSK. Company president and co-founder Marc Schwartz tells Bauer Business Focus that anecdotal indications he’s seen in the past several months largely place the blame on declining fuel prices.

The poll sampled more than two dozen bankruptcy attorneys in seven Texas cities (38 percent from the Houston area). The average liability in restructuring handled by those attorneys is slightly over $100 million. In 2015, one-third of potential bankruptcy cases were resolved without a bankruptcy filing.

HSSK is a Houston-based business valuation, litigation consulting and financial restructuring firm.

Today in Houston Newsletter Signup
We're in the process of transitioning services for our Today in Houston newsletter. If you'd like to sign up now, fill out the form below and we will add you as soon as we finish the transition. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Your subscription will be migrated over.