Special Report
Numerous American companies struggled to stay afloat throughout the COVID-19 pandemic, which reshaped daily life and rendered some types of businesses unable to function. Economists at the Federal Reserve estimated that 200,000 more businesses closed in 2020 as compared to previous years.
People who run smaller companies generally decide to simply close up shop if their business flounders. But major corporations often choose to file for Chapter 11 bankruptcy protection to reorganize their finances an option that can be prohibitively expensive for many organizations. Many of Americas largest and most well-known brands filed for bankruptcy largely…
Read the full article at: https://247wallst.com/special-report/2021/05/07/american-brands-that-went-bankrupt-during-covid/
