#Coronavirus Business Report: Wall Street Journal citing legal services firm Epiq Global reveals that in the month of May alone, 722 businesses across the US filed for Chapter 11 bankruptcy amid the #COVID19 #pandemic

“Last month’s figures represent a yearly increase of 48% compared to May 2019: The data also shows a month-to-month increase, with bankruptcy filings in May spiking by 28% compared to April: Several large companies filed for bankruptcy last month, including retailers J.C. Penney Co., Neiman Marcus Group Inc. and J.Crew Group Inc., as well as Gold’s Gym International Inc., generic drugmaker Akorn Inc. and the US division of bakery chain Le Pain Quotidien.”

Published: June.05: 2020: https://ift.tt/2ALR8u8

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