Texas Business Bankruptcies Outlook The Carnage is Going to be Terrible
Texas business bankruptcies jumped significantly in 2015, but lawyers and financial experts say last year’s increase is nothing compared to the tidal wave of corporate failures headed this way. Forty-eight oil and gas service companies and exploration and production companies filed for bankruptcy during the past 13 months, according to a report by Haynes and Boone.Eighteen prominent bankruptcy experts interviewed by The Texas Lawbook say they expect the number of oil and gas companies in Texas that file for bankruptcy in 2016 to double and that those bankruptcies will cause a domino effect that will . . .You must be a subscriber to The Texas Lawbook to access this content. Remember me Password Username Lost your password? Not a subscriber? Sign up for The Texas Lawbook.