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Published on 4/1/2011 in the Prospect News Distressed Debt Daily.

Analysis of bankruptcy filings for 13 months through March 2011

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

Industry Sector (by SIC code)

3/20104/20105/20106/20107/20108/20109/201010/201011/201012/20101/20112/20113/2011
Agriculture (0xxx) 0 0 0 0 0 0 00.087 0 0 0 0 0
Oil and gas (13xx) 0 00.124 0 00.636 0 0 0 0 00.124 0
Construction (15xx)0.499 0 0 0 0 0 0 0 0 0 0 0 0
Manufacturing (2xxx, 3xxx)1.3491.1350.3650.6810.500 00.300 02.4461.0000.5140.134 0
Pharmaceuticals (2834-6) 0 0 0 0 0 0 0 0 00.1990.500 0 0
Transportation (4xxx)0.298 0 0 0 01.354 0 0 0 0 0 0 0
Communications (48xx)0.211 0 0 0 0 0 01.642 0 0 0 0 0
Electric, gas, sanitary services (49xx)0.430 0 0 0 01.000 0 0 0 0 00.175 0
Wholesale (5xxx) 0 00.178 01.0000.7570.1000.1000.1003.2110.6001.4300.361
Finance, insurance, real estate (6xxx)2.0640.8100.4210.8991.6000.536 00.1002.893 00.100 01.168
Services (7xxx)0.753 00.709 04.0870.5001.670 05.0110.834 01.9000.462
Health services (8xxx) 01.004 0 0 0 0 0 0 00.320 0 0 0
Government (91xx) 0 0 00.100 0 0 0 0 0 0 0 0 0
Total5.6042.9491.7971.6807.1874.7832.0701.92910.4515.5641.7143.7631.991
Q2/2010Count Q3/2010Count Q4/2010Count Q1/2011Count YTDCount TotalCount Last 12 monthsCountYTD Share
Agriculture (0xxx) 00 000.0871 00 000.08710.08710.00%
Oil and gas (13xx)0.12410.6362 000.12410.12410.88540.88541.66%
Construction (15xx) 00 00 01 00 000.4992 010.00%
Manufacturing (2xxx, 3xxx)2.18170.80043.44660.64830.64838.424237.075208.68%
Pharmaceuticals (2834-6) 00 000.19910.50010.50010.69920.69926.70%
Transportation (4xxx) 001.3542 00 00 001.65231.35420.00%
Communications (48xx) 00 001.6421 00 001.85321.64210.00%
Electric, gas, sanitary services (49xx) 001.0001 000.17510.17511.60431.17522.34%
Wholesale (5xxx)0.17811.85733.41132.39152.39157.837127.8371232.02%
Finance, insurance, real estate (6xxx)2.12962.13632.99341.26831.268310.591178.5271616.98%
Services (7xxx)0.70926.25785.84532.36222.362215.9271715.1731531.63%
Health services (8xxx)1.0042 000.3201 00 001.32431.32430.00%
Government (91xx)0.1001 00 00 00 000.10010.10010.00%
Total6.4262014.0392317.943217.468167.4681651.4819045.87680100.00%
Prepackaged
3/20104/20105/20106/20107/20108/20109/201010/201011/201012/20101/20112/20113/2011
No3.8461.8141.7971.1997.1873.8912.0701.9294.0005.5641.3003.7630.941
Yes1.7581.135 00.481 00.892 0 06.450 00.414 01.049
Total5.6042.9491.7971.6807.1874.7832.0701.92910.4515.5641.7143.7631.991
Q2/2010Count Q3/2010Count Q4/2010Count Q1/2011Count YTDCount TotalCount Last 12 monthsCountYTD Share
No4.8101613.1482111.493176.005136.0051339.3017335.4556780.41%
Yes1.61640.89226.45041.46331.463312.1801710.4211319.59%
Total6.4262014.0392317.943217.468167.4681651.4819045.87680100.00%
Liabilities
3/20104/20105/20106/20107/20108/20109/201010/201011/201012/20101/20112/20113/2011
$75 to $99.99 million 0 0 0 0 0 0 00.087 0 0 0 0 0
$100 to $199.99 million0.1000.4980.4020.3000.2260.2810.6000.2000.1000.1990.3000.570 0
$200 to $499.99 million2.1270.8920.7850.8470.2870.745 0 00.7280.3200.414 01.302
$500 to $999.99 million1.3131.5590.6090.5330.5001.757 0 00.7000.8341.000 00.688
$1 to $1.49 billion 0 0 0 01.0002.0001.470 02.2291.000 01.293 0
$1.5 to $1.99 billion 0 0 0 01.600 0 01.6423.243 0 01.900 0
$2 to $4.99 billion2.064 0 0 03.574 0 0 03.4513.211 0 0 0
NA 0 0 0 0 0 0 0 0 0 0 0 0 0
Total5.6042.9491.7971.6807.1874.7832.0701.92910.4515.5641.7143.7631.991
Q2/2010Count Q3/2010Count Q4/2010Count Q1/2011Count YTDCount TotalCount Last 12 monthsCountYTD Share
$75 to $99.99 million 00 000.0871 00 000.08710.08710.00%
$100 to $199.99 million1.20191.107100.49940.87070.87073.777313.6773011.65%
$200 to $499.99 million2.52461.03231.04841.71641.71648.447236.3201722.98%
$500 to $999.99 million2.70142.25741.53421.68831.68839.493158.1801322.60%
$1 to $1.49 billion 004.47043.22931.29311.29318.99288.992817.31%
$1.5 to $1.99 billion 001.60014.88531.90011.90018.38558.385525.44%
$2 to $4.99 billion 003.57416.6622 00 0012.300410.23630.00%
NA 01 00 02 00 00 03 030.00%
Total6.4262014.0392317.943217.468167.4681651.4819045.87680100.00%
Court
3/20104/20105/20106/20107/20108/20109/201010/201011/201012/20101/20112/20113/2011
District of Delaware2.5590.5970.6670.1000.5001.7460.3000.0871.218 01.6140.1751.991
Southern District of New York2.3621.6790.609 06.2742.3921.4701.7429.2335.3650.1003.193 0
Middle District of Florida 0 0 0 0 0 00.100 0 0 0 00.137 0
Middle District of Georgia 0 0 0 0 0 0 0 0 0 0 00.134 0
Southern District of Texas 0 0 0 0 0 0 0 0 0 0 00.124 0
Others0.6830.6740.5211.5800.4130.6450.2000.100 00.199 0 0 0
Total5.6042.9491.7971.6807.1874.7832.0701.92910.4515.5641.7143.7631.991
Q2/2010Count Q3/2010Count Q4/2010Count Q1/2011Count YTDCount TotalCount Last 12 monthsCountYTD Share
District of Delaware1.36472.54681.30443.779103.7791011.553358.9942950.60%
Southern District of New York2.288410.136816.340133.29333.293334.4193032.0572844.09%
Middle District of Florida 000.1001 000.13710.13710.23720.23721.83%
Middle District of Georgia 00 00 000.13410.13410.13410.13411.79%
Southern District of Texas 00 00 000.12410.12410.12410.12411.66%
Others2.77591.25860.2994 00 005.015214.331190.00%
Total6.4262014.0392317.943217.468167.4681651.4819045.87680100.00%
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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