Europe: Is Eltif 2.0 a More Viable Structure for Long-Term Investment in the EU? The pace of bankruptcies in retail hit a high-water mark last year, after years of elevated filings that tracked with a major shakeout in the industry. The National Law Review - National Law Forum LLC 3 Grant Square #141 Hinsdale, IL 60521 Telephone (708) 357-3317 ortollfree(877)357-3317. Alex Murdaugh Receives Life Sentence: What Happens Now? Paper Source According toForbes, the Pandemic accelerated apparel filings. In the years leading up to 2020, those retailers that were forced to reorganize, sell themselves or liquidate entirely were typically the heavily indebted, often from private equity buyouts. 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The music has stopped: A look at venture capital in retail, The running list of major retail bankruptcies, Party City plans to close 22 stores in bankruptcy, Tuesday Morning says lenders actions contributed to Chapter 11, Independent Pet Partners files Ch. About 22% of all participants with medical debts said the amount they owe falls within these thresholds. According to BDO survey data, 42% of retail CFOs reported that they expect to restructure or reorganize as fallout from the COVID-19 pandemic persists into . Get retail news like this in your inbox daily. Now the company's lenders are . You may visit 24hourfitness.com to locate your local club. Already this year, some companies have come up short, and more are likely to follow. Although its business is expected to recover as malls re-opened and shoppers return, there is still a concern about the decline in mall traffic long-term. the end of 2020 and remain high in 2021, according to Moody's. LA Fitness fully drew . Supreme Court Clarifies the Meaning Salary Basis Under Federal OIRA Calls for Feedback on Recommendations to Encourage More FTCs One-Two Punch on Data Tracking and Health Privacy. Bethany Biron. GT's The Performance Review Episode 19: Is the Fight Over AB 51 5 Reasons Community Associations Need an Attorney That Specializes in New York Proposes Regulatory Review and Approval of Material Health CMS Issues Long-Awaiting Medicare Advantage RADV Final Rule, Preventing the Use of Cryptocurrencies to Evade Sanctions. Although most landlords and tenants have worked together during the adversity, there are still a number of problem tenants that may not be able to recover or who may now use the bankruptcy process to get rid of debt and actually restructure. Updated on April 13, 2021 12:06 PM. However, like AMC, its owner, Cineworld Group PLC, faces significant debt, streaming services, and slow return of customers. With over 1,100 Victorias Secret stores worldwide and 1,700 Bath & Body Works stores, it may behoove the company to file and sell off the Victorias Secret side of the house. Bestseller selects Nedap for Vero Moda RFID roll-out, Interface Unveils New Brand Identity to Reinforce Customer-Focused Innovation, Only 12% of Merchants Achieve Consumer Financing Approval Rates of 80% or Above, By signing up to receive our newsletter, you agree to our. The Childrens Place Losses keep Piling Up. Topics covered: supply chain and logistics, sourcing, real estate, merchandising, and more. According toThe Dallas Morning News, the company is seeking to borrow $550 million through a five-year secured note offering. By the end of 2020, corporate bankruptcies in the U.S. hit a 10-year high. Alex Murdaughs Trial Lasted Six Weeks. Federally Recognized Holidays, Employer Considerations for DOLs New AEWR Rule. This scenario is a classic reason for filing for bankruptcy remember Toys R Us. Like several other fitness companies, Cyc Fitness took a hit from closing its studios to prevent the spread of the coronavirus. If you are an owner, developer, and/or landlord, it is important to know and understand how these changes will affect your shopping center. One retailer listed at the top of the list for this year is The Childrens Place. Party City Social Distancing Celebrations. Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional well-being of our increasingly diverse membership base. However, it plans to focus on its IT services to consumers and business, noting that in three years, the retail arm may only account for 20% of its business. LA Fitness, which is already . As a Premium user you get access to the detailed source references and background information about this statistic. Still the company is on an aggressive expansion, adding 62 new stores, while relocating or closing 26 stores, for a total of 36 net new stores in fiscal 2020 (739 total stores). The ranking is based on the timing of bankruptcy filing. Mobile Arbeit und regionale Feiertage was gilt? Build-A-Bear Workshop Can the Holidays Save Teddy? 24 Hour Fitness was one of the gym chains that filed for bankruptcy last year, emerging with 150 fewer clubs at the end of 2020. . As part of the bankruptcy proceedings, the company said permanent closures are slated to affect only company-owned locations which comprise 10% of Gold Gym's 700 locations around the world and will not impact its franchises. [Editors' Note: 5 p.m. EDT, April 2, 2020 - This story has been updated with a statement from LA Fitness about its efforts during the COVID-19 shutdown. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor. It was founded in 1984 and headquartered in Irvine, California. Attorney Advertising Notice: Prior results do not guarantee a similar outcome. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. Here are all the companies that have gone bankrupt since the pandemic began. Profit from the additional features of your individual account. Statista. . White House Reviewing Proposed Regulations on Reinstated Superfund You Dont Need a Machine to Predict What the FTC Might Do About Is It Compensable? Topics covered: Retail advertising, social media, analytics, personalization, search, video, and more. Breaking the Link New Developments on U.S. Recent Insurance Company Failures In Louisiana. Bed Bath & Beyond Can Its On-line Pivot Avoid Bankruptcy? The choice of a lawyer or other professional is an important decision and should not be based solely upon advertisements. Jul 23, 2021. LA Fitness UK. According to personal bankruptcy statistics, 64% of people who file for bankruptcy are married. Dirty Steel-Toe Boots, Episode 16: Investigations and the OSH Acts DOE Issues FOA for Carbon Capture Large-Scale Pilots and Carbon A Forward Look at IRAs Sweeping Impact on the EV Sector [PODCAST]. Mr. Onder is a member of the International Council of Shopping Centers (ICSC) and concentrates his practice in the area of commercial litigation, specializing in commercial landlord You are responsible for reading, understanding and agreeing to the National Law Review's (NLRs) and the National Law Forum LLC's Terms of Use and Privacy Policy before using the National Law Review website. Attorney Advertising Notice: Prior results do not guarantee a similar outcome. Mandatory Arbitration Agreements Remain Valid in California, Antitrust Practitioners Expect Activity With Climate Issues. Months of pandemic shutdowns have taken their toll on the owner of LA Fitness gyms, WSJ Pro Bankruptcys Soma Biswas and Alexander Gladstone report exclusively. Visit Business Insider Premium for more stories about the changing face of fitness. According toMoodys, the company is in danger of default as itholds $1.5 billion in outstanding high-risk debt. LA Fitness International LLC. Regal Entertainment Group Will Moviegoers Return? "While we achieved some success, in partnership with our landlords and vendors, it was not enough to avoid a bankruptcy filing amid an extremely challenging environment for retailers," CEO Mitchell Modell said in a statement, according to Bloomberg. Club Industry. The first is the companys recently redeemed $125 million in senior notes due The second is adeal with Microsoft to obtain a cut of all digital game purchases through gaming consoles that it sells. This occurred in the wake of Hurricane Ida, which caused billions of dollars in damages across the state. With our wide range of amenities and highly trained staff, we provide fun and effective workout options to family members of all ages and interests. Although the pandemic has exacerbated the companys woes,Retail Divereports that the companys issues began prior to the virus. Healthcare indebtedness of over $5,000 was an issue for 12% of the participants, according to medical bankruptcies statistics. Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional well-being of our increasingly diverse membership base. Bankruptcies driven by mass litigation defined 2021 as corporate defaults hit their lowest level in decades. The Health AI Frontier: New Opportunities for Innovation Across the FTC to Hold Workshop on Recyclable Claims. Notable bankruptcies have come from the usual suspect industries, such as oil & gas and retail. In these cases, many of them file jointly for bankruptcy, making the whole process a lot easier. While millions have already been vaccinated, with the number jumping every day, millions more are still avoiding offices, parties, travel and all manner of other social events. According toCrains New York, landlords are pursuing the private health club for more than $6 million in back rent. EPA Releases Proposed Approach for Considering Cumulative Risks under Revised Colorado Privacy Act Rules Adopted for Review by Colorado AG. This fact, combined with the companys successful emergence a few years ago from Chapter 11 protection should keep them off the list. Yet, Bath & Body Works increased total sales by 13% in the second quarter, fueled by e-commerce. Are you interested in testing our business solutions? Health clubs, gyms, and studios in all states were . In addition, the store product mix is more akin to the old Spensers Gifts, than a video game store. Across the board, retailers have faced tremendous disruptions to business in 2020. Can it weather this storm? In April and May alone, the industry lost $5.5 billion in revenue. A run of defaults looks almost inevitable. Thomas S. Onder is a Shareholder and member of the Commercial, Retail and Industrial Real Estate, Litigation and Bankruptcy & Creditors Rights Groups of Stark & Stark. GT's The Performance Review Episode 19: Is the Fight Over AB 51 5 Reasons Community Associations Need an Attorney That Specializes in New York Proposes Regulatory Review and Approval of Material Health CMS Issues Long-Awaiting Medicare Advantage RADV Final Rule, Preventing the Use of Cryptocurrencies to Evade Sanctions. By clicking Sign up, you agree to receive marketing emails from Insider YouFit Health Clubs (November) This Florida based company filed for Chapter 11 bankruptcy on Nov. 9. NLRB Places New Limitations on Confidentiality and Non-Disparagement Settlement Will Benefit Many Aging-Out Children in the Green Card SEC Commissioner Discusses Reform to Regulation D, Massachusetts AG Settles Enforcement Action Against Auto Lender. The national gym chain 24 Hour Fitness announced that it will be closing 134 locations after filing for Chapter 11 bankruptcy on Monday. Get full access to all features within our Business Solutions. Jo-Ann Stores Private Equity Debt. According to statistics provided by New Generation Research's bankruptcydata.com, as of the end of 2020, bankruptcies . However, out of all the gyms that suffer through the Pandemic, LA Fitness seems to be in the best position to use the bankruptcy process to reduce its footprint and renegotiate leases. Body Tek Fitness Inc. filed for voluntary Chapter 11 bankruptcy protection April 19 in the Southern District of Florida. In most cases landlords and tenants are working together to get through this adversity. Although the company adjusted its credit line, cut expenses, and suspended dividend payments to save money, has also closed at least 250 Victorias Secret stores. The global pandemic has upended retail across the country. Our attorneys regularly represent owner, developer and/or landlord throughout the country, in leasing, buying/selling, 1031 Exchanges, refinancing, as well an enforcement activities. The content and links on www.NatLawReview.comare intended for general information purposes only. A bankruptcy seems inevitable. According to Business Insider, there's now a growing list of exercise companies that have filed Chapter 7 or 11 bankruptcy this year. . Under Chapter 7 of U.S. Bankruptcy Code, "the company stops all operations and goes completely out of business. 2,968. In a recent LA Fitness employee lawsuit, the plaintiff argued that he suffered "permanent disability" due to the negligent actions of LA Fitness employees. COVID-19 has basically cancelled Party Citys main drivers. The National Law Review is not a law firm nor is www.NatLawReview.com intended to be a referral service for attorneys and/or other professionals. EXPOSED: Does a New NCLC Ex Parte Filing Expose Their True Agenda to Little Weight Given to Conclusory Expert Declaration That Repeats IPR Department of Homeland Security Provides Information Related to EB-5 PTAB: Vidal Refocuses Guidance On Fintiv Factors And Discretionary Aluminum Is Now A Hot Topic In Supply Chain And Trade. As EPA continues to move toward identifying PFAS as Hazardous Is an OSHA Workplace Violence Standard for the Healthcare Industry on Yellen Calls on World Bank to Take Decisive Action on Climate Change, To Volunteer or Not: The Role of Community Association Board Members. The chain with more than 500 theaters in the U.S. faces, just like AMC, the question of will people return to the movies once a vaccine(s) has been widely distributed? House Energy & Commerce Subcommittee Holds Hearing on U.S. Hunton Andrews Kurths Privacy and Cybersecurity. The National Law Review is a free to use, no-log in database of legal and business articles. The companys lenders hired PJT Partners Inc. in August in anticipation of talks on a possible restructuring or to secure additional financing. A large neon-lighted DJ booth is in the center of the gym at John Reed Fitness in downtown Los Angeles. 21-13698- and is pending before the honorable Judge Scott M Grossman in the U.S. Bankruptcy Court Florida Southern District (the "Bankruptcy Court") Fort Lauderdale division office. Have buyer habits changed for good due to the Pandemic? The Gap Fall Into Bankruptcy? Expect the toy store to hold off filing until January 2021, to capture the holiday toy rush. Litigation Setback for Employers Under Illinois Biometric Information Senate Committee Holds Hearing on Future of Low Carbon Transportation North Carolina Senate Passes Compassionate Care Act at Exactly 4:20 States and Feds Signal Big Changes to Telehealth Prescribing. Cyc Fitness, a popular cycling studio chain owned by Cyc . The company now has an optimized cost structure and leaner balance sheet after eliminating $1.2 billion of funded debt, according to the announcement Show publisher information Brands listed failed to recover from temporary government-mandated closures to gyms and indoor fitness facilities earlier this year. What a difference a year can make. statistic alerts) please log in with your personal account. US Executive Branch Update March 2, 2023. An award-winning Apex fitness startup has filed for bankruptcy liquidation just weeks after its founder was sentenced to prison for what the feds describe as a scheme involving . Yet, can the company weather the pandemic and will its customers return?According toForbes, its on the list of specialty retailers to watch for a Chapter 11 filing. In its article titled "24 Hour Fitness Emerges From Bankruptcy," the site stated: 24 Hour Fitness filed for bankruptcy on June 15. Statement in compliance with Texas Rules of Professional Conduct. In addition, numerous outlets report significant rent arrears to landlords. Going into 2021, they are already in a weakened state. Delaware-based Cyc Holdings, the owner of the indoor cycling chain Cyc Fitness, filed for Chapter 11 bankruptcy protection on October 14. Can Nonprecedential Decisions Be Relied Upon? Although vaccines are expected before the end of the year, the distribution will not likely be available to everyone until at least mid-2021. https://www.wsj.com/articles/pro-bankruptcy-briefing-la-fitness-lenders-gird-for-restructuring-senators-blast-purdue-ceos-chapter-11-bonus-investors-challenge-garrett-motion-dip-11600779382. Already a member? USA Todayreports that bedding-related products are hot sellers enjoying a year-over-year sales increase of more than 30%. Gold's Gym plans to permanently close around 30 company-owned gyms, but its franchised locations will reopen as coronavirus restrictions are lifted. The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus. Further, the company appears on S&Ps list of most vulnerable retailers for a bankruptcy filing. (CNN) El defensa estrella de la Universidad de Georgia, Jalen Carter proyectado como una de las mejores selecciones en el prximo draft de la NFL se No, You Cant Build Here, Opinion: About Those Free Tickets to Hong Kong, Opinion: Common Sense Points to a Lab Leak. Bankruptcy may be the only way to effectively reduce store count. Mattress Firm Still Too Many Stores? But its about much more than domain availability. As measured by quarterly bankruptcy reports from the U.S. Courts, the number of farms filing under Chapter 12 increased 46 percent from 2014 to 2019. Customer Service. After first announcing plans to close all of its New York City studios in April, YogaWorks filed for Chapter 11 bankruptcy protection on October 14. 24 Hour Fitness filed for Chapter 11 bankruptcy early Monday morning. CNBCreports that Regals re-opening of approximately 500 locations on April 2 to limited capacity was a significant decision for the theater chain. Text. Some states have laws and ethical rules regarding solicitation and advertisement practices by attorneys and/or other professionals. The company recently reported that it acquired $300 millionsenior secured credit facility with Wells Fargo & Company maturing onOctober 30, 2025. 10 Retailers to Watch for a Bankruptcy Filing in the Second Half of 2021. Currently, our team is providing value-added services to landlords in a number of Chapter 11 cases including: GNC, Stage Stores, Modells, 24 Hour Fitness, Sears, Guitar Centers, NPC, Toys R Us, Charming Charlie Part 2, and A&P. DC Circuit to Disputes Ancillary to Patent Matters: You Cant Sit Consumer Fraud PFAS Cases Continue To Rise. Access your favorite topics in a personalized feed while you're on the go. La Jolla, CA 92037; 641 S. Rancho Sante Fe Road, San Marcos, CA 92078; 324 Sycamore Avenue, Vista, CA 92083; The figures also show that only 9.2% of people who earn $60,000 per year go bankrupt. BREAKING DOWN THE PRIVACY ACT REVIEW REPORT #3: Removal of The Small White House Releases National Cybersecurity Strategy, Illinois High Court Rules Per-Scan Damages Can Be Awarded Under BIPA, Grassley-Wyden Bill Aims to Fix Broken Tax Whistleblower Law, Lessons Learned From 2022s Trade Secret Verdicts, Mass. The NLR does not wish, nor does it intend, to solicit the business of anyone or to refer anyone to an attorney or other professional. The debtor listed an address of 2214 N. Dixie Highway in Wilton Manors, and . Bankruptcies in the United States increased to 13481 Companies in the fourth quarter of 2022 from 13125 Companies in the third quarter of 2022. White House Requires Removal of TikTok App from FDA Withdraws Proposed Rule on General Principles for Food Standards New FAQs Dramatically Expand Scope of California Labor Contractor Today is the Day Dont Miss the Employer Deadline to Report to OSHA, PTO Seeks Comments on Role of Artificial Intelligence in Inventorship. Topics covered: brand launches, expansion opportunities, partnerships, startup trends, funding, and more. 2021 hasn't been as bad thanks to an economic recovery built on the back of stepped-up vaccinations - the 183 filings . retailers have filed for bankruptcy in 2021 so far: How years of investor-friendly finance left retailers vulnerable to crisis, 17 retailers that could go bankrupt as the COVID-19 era wears on. $2.6 B. Available: https://www.statista.com/statistics/922841/us-health-clubs-by-revenue/, Health club industry companies by revenue in the United States in 2020, Available to download in PNG, PDF, XLS format, Total revenue of the global health club industry 2009-2019, Health club industry: Worldwide revenue by region 2009-2019, Health & fitness club companies by revenue worldwide 2020, Number of fitness and health clubs worldwide 2009-2019, Health clubs - total number by region worldwide 2009-2019, Countries with the highest number of health & fitness clubs 2019, Health & fitness club companies worldwide ranked by number of facilities 2020, Total number of members of health/fitness clubs worldwide 2009-2019, by region, Countries with the most health/fitness club memberships 2019, Health & fitness club companies by membership worldwide 2020, Total number of members of health/fitness clubs in North America 2009-2019, Boutique & high value low price gym membership in the United States 2010-2017, Total revenue of the North American health club industry 2009-2019, Health & fitness club companies by revenue in the United States 2020, Total number of health and fitness clubs in North America 2009-2019, Number of health clubs in the U.S. by state 2019, Fitness industry enterprises in the United States 2022, Fitness club employment in the United States 2012-2022, Hours per day spent on sports, exercise, and recreation in the U.S. 2009-2021, Share of U.S. civilians engaged in leisure and sport activities on weekdays/ends 2019, COVID-19: Share of people who would return to gym/exercise classes in the U.S. 2020, Comfort level with group fitness when COVID-19 improves in the U.S. 2020, COVID-19: estimate time for return to gym/exercise classes in the U.S. 2020, Market share of global health and fitness club industry 2021-2030, Gym, health & fitness club industry revenue in the United States 2012-2022, Gym, health & fitness club industry establishments in the United States 2007-2021, Gym, health & fitness club industry employment in the United States 2007-2021, Revenue share of fitness club companies in the United States 2015, Health/Fitness club companies - Healthtrax International revenue 2019, Health/Fitness club companies - Goodlife Fitness Canada revenue 2012-2014, Health/Fitness club companies - Qingdao Impulse Health Management revenue 2012-2017, Health/Fitness club companies - Goodlife Health Clubs Australia revenue 2012-2016, Health club industry revenue Australia 2013-2017, Health/Fitness club companies - Town Sports International Holdings revenue 2012-2017, Health/Fitness club companies - HSG Health Systems Group Limited revenue 2012-2017, Health & fitness clubs market size in the U.S. 2024, Health/Fitness club companies - Talwalkars Better Value Fitness revenue 2012-2016, How often people in the U.S. work out at their gym 2016, Reasons for not taking private fitness classes among Chinese HNWIs 2017, Frequency of going to the gym in Malaysia 2020, Health club industry companies by revenue in the United States in 2020 (in million U.S. dollars), Find your information in our database containing over 20,000 reports. Expanding Regulatory Reach over Intermediaries That May Constitute How to Value Digital Assets for Donation to Charity. Waters of the United States and Winston Churchill. . According to Bloomberg, LA Fitness International is considering different plans for how to manage about $1.7 billion of debt in order to keep its clubs operating amidst the pandemic.. Call us at 844-762-6204, M-F 8am to 5pm pacific for questions specific to gift cards, distributions, or claims. A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. However, that is the type of service that is not doing well in the pandemic. 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"If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11," 24 Hour Fitness CEO Tony Ueber said in a statement. 2021 1. . Massachusetts (eff 12/21/2021) 14. . The bankruptcy filing showed that the company had a $10 million Paycheck Protection Program . to incorporate the statistic into your presentation at any time. Topics covered: e-commerce, payment technology, IT, in-store tech, cyber security, and more. However,StockNewsreports that the companys pivot to focus on e-commerce has generated increased online sales of 80%, posting a profit of $0.50 per share. The content and links on www.NatLawReview.comare intended for general information purposes only. To stay out of bankruptcy court, retailers will need liquidity and working capital, they'll need to adapt to an ever-shifting landscape that is more digital than ever before, and they'll need some luck. "It Ain't Over 'Til It's Over" - Use Of A PTO Introduces Trademark Decisions and Proceedings Search Tool, FDA Issues Draft Guidance on Labeling of Plant-Based Milk Alternatives, Government Wins $43 Million Verdict in False Claims Act Case, BETO Will Host March 23 Listening Session on Next Billion-Ton Report. Regal Entertainment Group Significant Rent Arrears. California Law May Limit Hospitals Ability to Adopt The Joint Ankura CTIX FLASH Update - February 28, 2023, Ankura Cyber Threat Investigations and Expert Services. 2021 Turning Points: The Biggest Bankruptcies Thus Far. White House Reviewing Proposed Regulations on Reinstated Superfund You Dont Need a Machine to Predict What the FTC Might Do About Is It Compensable? Legislative Package Includes Bills to Advance Biofuels Research, PTO to Begin Issuing Electronic Patent Grants, OSHA to Expand the Use of Instance-by-Instance Penalties. According to theVariety, the theatre chain with 659 US locations is raising $47.7 million in cash. ", Club Industry, Health club industry companies by revenue in the United States in 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/922841/us-health-clubs-by-revenue/ (last visited March 04, 2023), Health club industry companies by revenue in the United States in 2020 (in million U.S. dollars) [Graph], Club Industry, October 11, 2021. At the end of the first quarter of this year, U.S. companies had amassed nearly $10.5 trillion in debt by far the most since the Federal Reserve Bank . Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. But it could just signal a return to normal. Justice Department Announces Application Form for Marijuana Pardon Certificates, HERE IT IS: The Czars HUGE Breakdown of the FCC NPRM is NOW AVAILABLE to Everyone. Biggest fitness bankruptcies of 2020. Equinox Another Gym Filing? LA Fitness's Profile, Revenue and Employees. Chicos Company Hopes Its Credit Facility Stave Off a Filing. If you would ike to contact us via email please click here. Subscribe to Retail Dive. How a mall-based retailer that depends on children coming into its stores to sit and build their product can survive in a pandemic is a mystery. Can Nonprecedential Decisions Be Relied Upon? This, coupled with a helium shortage last year for balloon sales and a poor Halloween could lead to a filing after the first of the year. Subject to court approval, filing for bankruptcy will give . Justice and Commerce Departments Announce Creation of Disruptive United States Department of Justice (DOJ), Biden Executive Order 14091 Strengthens Equity for Federal Agencies. We will see if the company can keep landlords at bay long enough to get through the process without having to resort to bankruptcy protection. According to New Generation Research, Inc.'s BankruptcyData.com, there were 6,691 commercial bankruptcy filings in 2021, compared to 11,375 in 2020 and 10,056 in 2019.