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Published on 10/1/2010 in the Prospect News Distressed Debt Daily.

Analysis of bankruptcy filings for 13 months through September 2010

Columns are liabilities in billions of dollars, count of filings, percentage of total in dollars.

Industry Sector (by SIC code)

9/200910/200911/200912/20091/20102/20103/20104/20105/20106/20107/20108/20109/2010
Oil and gas (13xx)0.7301.466 0 0 0 0 0 00.124 0 00.636 0
Construction (15xx)0.1030.231 0 0 0 00.499 0 0 0 0 0 0
Manufacturing (2xxx, 3xxx)3.0483.8202.8283.3703.5372.7151.3491.1350.3650.6810.500 00.100
Pharmaceuticals (2834-6) 0 00.314 0 0 0 0 0 0 0 0 0 0
Transportation (4xxx)0.121 0 0 01.517 00.298 0 0 0 01.354 0
Communications (48xx) 03.234 00.269 0 00.211 0 0 0 0 0 0
Electric, gas, sanitary services (49xx) 0 0 0 0 0 00.430 0 0 0 01.000 0
Wholesale (5xxx)0.087 00.1370.6850.231 0 0 00.178 01.0000.7570.100
Finance, insurance, real estate (6xxx)0.3377.85666.8860.8350.1601.0002.0640.8100.4210.8991.6000.536 0
Services (7xxx)0.1861.2600.866 00.2331.2150.753 00.709 04.0870.5001.670
Health services (8xxx) 03.000 00.167 0 0 01.004 0 0 0 0 0
Government (91xx) 0 0 0 0 0 0 0 0 00.100 0 0 0
Total4.61120.86871.0315.3265.6784.9295.6042.9491.7971.6807.1874.7831.870
Q4/2009Count Q1/2010Count Q2/2010Count Q3/2010Count YTDCount TotalCount Last 12 monthsCountYTD Share
Oil and gas (13xx)1.4663 000.12410.63620.76032.95682.22662.14%
Construction (15xx)0.23110.4991 00 000.49910.83330.73020.60%
Manufacturing (2xxx, 3xxx)10.018177.601132.18160.600210.3812123.4474220.3993816.95%
Pharmaceuticals (2834-6)0.3141 00 00 00 000.31410.31410.23%
Transportation (4xxx) 001.8153 001.35423.16953.29063.16952.38%
Communications (48xx)3.50320.2111 00 000.21113.71533.71532.69%
Electric, gas, sanitary services (49xx) 000.4301 001.00011.43021.43021.43021.03%
Wholesale (5xxx)0.82240.23110.17811.85732.26553.175103.08892.30%
Finance, insurance, real estate (6xxx)75.57763.22432.12962.13637.4891283.4032083.0661860.30%
Services (7xxx)2.12632.20150.70926.25789.1681511.4801911.294188.30%
Health services (8xxx)3.1672 001.0042 001.00424.17144.17143.02%
Government (91xx) 00 000.1001 000.10010.10010.10010.07%
Total97.2253916.211286.4261913.8392136.47668138.312119133.701107100.00%
Prepackaged
9/200910/200911/200912/20091/20102/20103/20104/20105/20106/20107/20108/20109/2010
No2.91816.0884.0520.7872.1273.9293.8461.8141.7971.1997.1874.3911.870
Yes1.6934.77966.9794.5383.5511.0001.7581.135 00.481 00.392 0
Total4.61120.86871.0315.3265.6784.9295.6042.9491.7971.6807.1874.7831.870
Q4/2009Count Q1/2010Count Q2/2010Count Q3/2010Count YTDCount TotalCount Last 12 monthsCountYTD Share
No20.928239.902174.8101613.4482028.1605352.0058549.0877637.60%
Yes76.297166.309111.61630.39218.3171586.3073484.6143162.40%
Total97.2253916.211286.4261913.8392136.47668138.312119133.701107100.00%
Liabilities
9/200910/200911/200912/20091/20102/20103/20104/20105/20106/20107/20108/20109/2010
$75 to $99.99 million0.1730.0860.0950.085 0 0 0 0 0 0 0 0 0
$100 to $199.99 million0.7000.1000.1370.4340.160 00.1000.4980.4020.3000.2260.2810.400
$200 to $499.99 million0.6151.4491.9520.5081.5810.6742.1270.8920.7850.8470.2870.745 0
$500 to $999.99 million0.5471.7351.7921.8353.9372.2551.3131.5590.6090.5330.5001.757 0
$1 to $1.49 billion1.0771.2602.145 0 02.000 0 0 0 01.0002.0001.470
$1.5 to $1.99 billion1.500 0 0 0 0 0 0 0 0 01.600 0 0
$2 to $4.99 billion 08.382 02.464 0 02.064 0 0 03.574 0 0
$5 to $9.99 billion 07.856 0 0 0 0 0 0 0 0 0 0 0
$10 billion and higher 0 064.910 0 0 0 0 0 0 0 0 0 0
NA 0 0 0 0 0 0 0 0 0 0 0 0 0
Total4.61120.86871.0315.3265.6784.9295.6042.9491.7971.6807.1874.7831.870
Q4/2009Count Q1/2010Count Q2/2010Count Q3/2010Count YTDCount TotalCount Last 12 monthsCountYTD Share
$75 to $99.99 million0.2663 00 00 00 000.43950.26630.32%
$100 to $199.99 million0.67150.26021.20190.90782.367193.738293.038242.70%
$200 to $499.99 million3.909134.382132.52461.03237.9382212.4623711.847359.01%
$500 to $999.99 million5.36287.505102.70142.257412.4631818.3722717.8252613.28%
$1 to $1.49 billion3.40532.0002 004.47046.470610.952109.87597.92%
$1.5 to $1.99 billion 00 00 001.60011.60013.10021.60012.24%
$2 to $4.99 billion10.84642.0641 003.57415.638216.484616.484611.92%
$5 to $9.99 billion7.8561 00 00 00 007.85617.85615.68%
$10 billion and higher64.9101 00 00 00 0064.910164.910146.93%
NA 01 00 00 00 00 01 010.00%
Total97.2253916.211286.4261913.8392136.47668138.312119133.701107100.00%
Court
9/200910/200911/200912/20091/20102/20103/20104/20105/20106/20107/20108/20109/2010
Southern District of New York 03.23464.9102.4641.0992.0002.3621.6790.609 06.2742.3921.470
District of Delaware3.98813.7384.3812.7773.2880.6742.5590.5970.6670.1000.5001.7460.300
Northern District of Texas 03.000 0 0 0 0 0 00.100 0 0 0 0
Eastern District of Virginia 0 0 0 0 02.255 0 0 0 0 0 0 0
District of Nevada 0 0 0 00.649 00.2530.493 0 00.287 0 0
Others0.6230.8951.7400.0850.642 00.4300.1810.4211.5800.1260.6450.100
Total4.61120.86871.0315.3265.6784.9295.6042.9491.7971.6807.1874.7831.870
Q4/2009Count Q1/2010Count Q2/2010Count Q3/2010Count YTDCount TotalCount Last 12 monthsCountYTD Share
Southern District of New York70.60835.46162.288410.136817.8851888.4942188.4942163.98%
District of Delaware20.896266.521141.36462.546810.4312835.3156231.3275425.53%
Northern District of Texas3.0001 000.1001 000.10013.10023.10022.24%
Eastern District of Virginia 002.2553 00 002.25532.25532.25531.63%
District of Nevada 000.90220.49310.28711.68141.68141.68141.22%
Others2.72091.07232.18270.87144.125147.467276.844235.38%
Total97.2253916.211286.4261913.8392136.47668138.312119133.701107100.00%
Criteria

• The tables include all underwritten offerings sold in the international bond markets reported to Prospect News.

• Offerings are included in the time period in which they price (or settle if pricing date not available).

• Amounts are based on the total sales price (face amount multiplied by the offering price). The full amount is credited to the bookrunner (or lead manager if no bookrunners). For multiple bookrunners (or lead managers), the total value is divided equally among all the firms.

• Each tranche is counted as a separate deal.

• Units made up of a bond and a warrant are included; other units are excluded.

• Best efforts and non-underwritten deals are excluded.

• Non-dollar deals are converted to dollars at the rate shown in Federal Reserve's H.10 release on day of pricing.

• Emerging markets are all countries except: United States, Canada, United Kingdom, Germany, France, Italy, Japan, Australia, New Zealand, Netherlands, Ireland, Sweden, Norway, Denmark, Spain, Portugal, Switzerland, Luxembourg, Austria, Belgium, Finland, Iceland and Greece.

Criteria

• The tables include all Chapter 7, Chapter 11 and Chapter 15 filings with $75 million or more in liabilities.


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