Is Bankruptcy the Answer to Pandemic Business Troubles?

It’s no secret that COVID-19 has had a profound impact on businesses large and small. Headlines regularly report pandemic-related, high-profile bankruptcy filings for well-known companies, including J.C. Penney, Pier 1, and J. Crew.

In fact, S&P Global Market Intelligence reports that 509 companies went bankrupt in the first nine months of 2020, which is more than any other year since 2010.

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