A partial snapshot of the thousands of corporate entities that have landed in bankruptcy court since March.
It doesn’t capture the countless businesses that closed shop permanently without seeking protection in court.
#US #recession #bankruptcies
bloomberg.com/graphics/2020-…
It doesn’t capture the countless businesses that closed shop permanently without seeking protection in court.
#US #recession #bankruptcies
bloomberg.com/graphics/2020-…
72,842 businesses permanently closed, out of the 132,580 total closed businesses
Permanent closures now accounting for 55% of all closed businesses
#US #recession
yelpeconomicaverage.com/yea-q2-2020.ht…
Permanent closures now accounting for 55% of all closed businesses
#US #recession
yelpeconomicaverage.com/yea-q2-2020.ht…
This year’s spate of “mega” insolvencies is just getting started
Global corporate defaults on track to exceed 2009: Fitch
“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt”
#US #recession #bankruptcies
bloomberg.com/news/articles/…
Global corporate defaults on track to exceed 2009: Fitch
“When there is an increase in insolvency risk, what you do not need is more debt. You need less debt”
#US #recession #bankruptcies
bloomberg.com/news/articles/…
Every week brings another round of retail bankruptcies. With conditions worsening, the numbers keep climbing
“The common denominator is debt. At this point everyone has debt. Everyone took on massive amounts of liquidity”
#US #recession #bankruptcies
bloomberg.com/news/articles/…
“The common denominator is debt. At this point everyone has debt. Everyone took on massive amounts of liquidity”
#US #recession #bankruptcies
bloomberg.com/news/articles/…
“Sometimes a bankruptcy is the most advantageous way to get out of leases”
Closures so far are just the tip of the iceberg, over next two years 10% of already-occupied store real estate will go vacant
“Worst-case scenario, double”
#US #bankruptcies
bloomberg.com/news/articles/…
Closures so far are just the tip of the iceberg, over next two years 10% of already-occupied store real estate will go vacant
“Worst-case scenario, double”
#US #bankruptcies
bloomberg.com/news/articles/…
35% of U.S. entrepreneurs say they’re using personal cards or savings during the pandemic. Half say they won’t last to 2021 without more help.
#US #recession #bankruptcies
bloomberg.com/news/articles/…
#US #recession #bankruptcies
bloomberg.com/news/articles/…
Small- and Mid-Sized Business Bankruptcies May Triple
IMF warned that the rate of bankruptcy for SME businesses may triple this year ... threatening to stall the economic recovery and cause financial instability
#IMF #bankruptcies #recession
bloomberg.com/news/articles/…
IMF warned that the rate of bankruptcy for SME businesses may triple this year ... threatening to stall the economic recovery and cause financial instability
#IMF #bankruptcies #recession
bloomberg.com/news/articles/…
"There will be flood" of corporate bankruptcies
Bankruptcies have soared in US. May and June saw the largest number of filings in over 10 years. In July, bankruptcies reached the highest 7-month tally since 2009.
#US #recession #bankruptcies @mtmalinen
gnseconomics.com/2020/02/10/the…
Bankruptcies have soared in US. May and June saw the largest number of filings in over 10 years. In July, bankruptcies reached the highest 7-month tally since 2009.
#US #recession #bankruptcies @mtmalinen
gnseconomics.com/2020/02/10/the…
Bankruptcy filings in the US rose in July 52% from last year
Over 640 businesses filed for chapter 11 bankruptcy protection, personal bankruptcy filings were up. The upward trend in bankruptcy filings is expected to continue
#US #Bankruptcy #recession
wsj.com/articles/busin…
Over 640 businesses filed for chapter 11 bankruptcy protection, personal bankruptcy filings were up. The upward trend in bankruptcy filings is expected to continue
#US #Bankruptcy #recession
wsj.com/articles/busin…
