Bankruptcy Cases Suffer from Shrinkage

FTI Consulting Inc. ($FCN) recently released a “data”-driven analysis-cum-marketing-piece* that highlights the apparent rise of “Pre-filings” — otherwise known as prepackaged, prearranged or prenegotiated chapter 11 bankruptcy cases — during the 2015-2017 period. FTI examined 300 emerged cases (via plan of reorganization) from 2011-2017 and concluded th…