Texas How are Texas-based businesses doing?
- In 1Q20, Texas led the US in business bankruptcy filings.
- Though oil & gas accounts for the highest share of bankruptcies in Texas, other industries have been affected as well.
States' Share of US Business Bankruptcy Filings (left) and Liquidations (right) in 1Q20
Source: UBS Evidence Lab, United States Courts
Bankruptcies of Companies Incorporated in Texas (March 1 to mid-May)
Source: UBS Evidence Lab, Bankruptcydata.com