A record 46 billion-dollar companies have gone bankrupt this year: FT - Business Insider

A record 46 companies with at least $US1 billion in assets have filed for Chapter 11 bankruptcy this year, the Financial Times reported, citing BankruptcyData.com.
The previous record was 38 billion-dollar businesses during the same period of 2009.
JCPenney, Brooks Brothers, and Chesapeake Energy are among the big companies that have filed for bankruptcy this year as the coronavirus pandemic continues to hammer multiple sectors.
Its going to be a bumpy ride, Ben Schlafman, operating chief of New Generation Research, which owns BankruptcyData.com, told the Financial Times.
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Billion-dollar US companies have filed for bankruptcy at an unprecedented rate this year as the coronavirus pande…

A record 46 billion-dollar companies have gone bankrupt this year: FT – Business Insider – Business Insider