Fueled by financial distress in the healthcare and hospitality industries, a record number of businesses filed for bankruptcy in the Northern District of Texas federal courts during the first six months of 2025.
Bracewell’s Trey Wood told The Texas Lawbook that tariffs, the passage of the One Big Beautiful Bill Act and private credit are factors to consider for future bankruptcies.
“Any company or industry effected by tariffs or cuts under the OBBBA are having to face some form of restructuring,” Wood said. “We see this trend continuing, with private credit stepping in to provide liquidating solutions where traditional banks cannot or chose not to.”
