Bankruptcies Pile Up As COVID-19 Pandemic Squeezes Cash

June 17, 2020

June 17, 2020

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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.

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