Bankruptcies Pile Up As COVID-19 Pandemic Squeezes Cash

June 17, 2020

June 17, 2020

Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our daily newsletters. Signing up for any of our section newsletters will opt you in to the daily Coronavirus briefing.

Law360 (May 29, 2020, 9:30 PM EDT) — In the 2½ months since COVID-19 created a national emergency in the United States, dozens of companies have tilted into bankruptcy in the retail, travel and energy sectors, and a former bankruptcy judge predicts the turmoil will spread further through the economy in the coming months.

The already-struggling retail sector has been hit particularly hard by the pandemic as customer foot traffic dissolved almost overnight in response to government-imposed business restrictions.

Read here https://www.law360.com/energy/articles/1278292/bankruptcies-pile-up-as-covid-19-pandemic-squeezes-cash?nlpk=1df2856d-e362-4cef-93e5-0b65402ff26d&utmsource=newsletter&utmmedium=email&utmcampaign=energy