Haynes and Boone predicts dozens more bankruptcies like Linn Energy – HBJ

Linn Energy’s announcement that it has filed for Chapter 11 was significant in that its $8.28 billion in debt is the largest any upstream energy company has filed for bankruptcy in North America in 2016. However, it’s one of dozens so far this year and one of dozens more to come.Seventy-five companies have filed for bankruptcy since the downturn began. The expectation is that the number will climb to 150 filings before it’s over, according to Buddy Clark, a partner in the Houston office of Haynes and Boone LLP.

Source: Haynes and Boone predicts dozens more bankruptcies like Linn Energy – Houston Business Journal

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