As pandemic restrictions loosen, bankrupt companies get a new lease on life.
As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies. Companies that entered the year in a position of strength faced a new reality that kept consumers stuck at home and closed down stores, sometimes permanently. As virus cases mounted throughout the year, clothing retailers, travel companies and oil producers began to file Chapter 11 bankruptcy by the dozens. In the months since, many of these bankrupt companies have returned from the dead, exiting bankruptcy with a new lease on life. The return of many of these companies coincides with a reopening economy and the roll out of vaccines. For some bankrupt companies, it…
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