Why Local Business Bankruptcies Spiked in 2016 - Especially in Delaware - Philadelphia Business Journal

William H. Schorling a shareholder in the firm's Bankruptcy & Insolvency practice, was quoted in The Philadelphia Business Journal article, "Why local business bankruptcies spiked in 2016 – especially in Delaware."

​Bankruptcy lawyer William Schorling of Buchanan Ingersoll & Rooney said he anticipated more filings coming from Pennsylvania oil and gas industry, where Marcellus Shale exploration has been prevalent.

He said Delaware’s uptick is most likely due to the oil and gas sector but also brick and mortar retail. Most recently, women’s clothing store The Limited filed for Chapter 11 protection in Delaware on Monday after announcing last week that it was closing all of its stores.