- US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic recession continues to slam businesses, according to a Monday report from S&P Global.
- This year, 424 companies have gone bankrupt through August 9, surpassing the number of filings during any period since 2010, according to the report.
- Consumer-focused companies such as retail have been hit particularly hard 100 companies in the sector have filed for bankruptcy this year, S&P Global reported.
- Read more on Business Insider.
US bankruptcies are on track to hit their worst level in a decade as the coronavirus pandemic-induced recession continues to slam businesses, according to a Monday report from S&P Global.
This year through August 9, as many as 424 com…
Read the full article at: https://www.businessinsider.com.au/us-bankruptcies-track-hit-decade-year-high-coronavirus-crisis-businesses-2020-8
