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Bankruptcy can be a means to an end or to a better future – UPSTATE BUSINESS JOURNAL – Upstate Business Journal

Businesses have been hit hard this year by the pandemic, with many stores closing every week. Bankruptcy has been on the rise as the economic toll continues to affect almost every industry. Here in the Upstate, stores we used to visit to often such as Brooks Brothers, Belk and Stein Mart are now going through bankruptcy proceedings.

While some of these locations wont have to shut their doors, the companies are still in dire shape thanks to 2020 and the novel coronavirus.

Weve been seeing a lot more [bankruptcies], Harriet Wallace, partner with Fox Rothschild LLP in Greenville, says.

Greenvilles rise in bankruptcies is far from unique. According to investment bank Jefferies, large companies declared bankruptcy 244% more between July a…

Read the full article at: https://upstatebusinessjournal.com/retail-hospitality/bankruptcy-can-be-a-means-to-an-end-or-to-a-better-future/

Category: BankruptcyBy Insolvency GuardianMarch 17, 2021

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Bankruptcy can be a means to an end or to a better future – UPSTATE BUSINESS JOURNAL – Upstate Business Journal

Businesses have been hit hard this year by the pandemic, with many stores closing every week. Bankruptcy has been on the rise as the economic toll continues to affect almost every industry. Here in the Upstate, stores we used to visit to often such as Brooks Brothers, Belk and Stein Mart are now going through bankruptcy proceedings.

While some of these locations wont have to shut their doors, the companies are still in dire shape thanks to 2020 and the novel coronavirus.

Weve been seeing a lot more [bankruptcies], Harriet Wallace, partner with Fox Rothschild LLP in Greenville, says.

Greenvilles rise in bankruptcies is far from unique. According to investment bank Jefferies, large companies declared bankruptcy 244% more between July a…

Read the full article at: https://upstatebusinessjournal.com/retail-hospitality/bankruptcy-can-be-a-means-to-an-end-or-to-a-better-future/?utm_source=rss&utm_medium=rss&utm_campaign=bankruptcy-can-be-a-means-to-an-end-or-to-a-better-future

Category: BankruptcyBy Insolvency GuardianMarch 16, 2021

Post navigation

PreviousPrevious post:Nokia cutting up to 10,000 jobs under restructuring plan – New York PostNextNext post:Schumer: With relief bill, major argument against student debt cancellation ‘vanishes’ – MarketWatch

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June 1, 2025
WA producers hope Brownes Dairy will be purchased by an Australian buyer
June 1, 2025
Victorian Liberal MP John Pesutto fails to raise $1.5 million for Moira Deeming defamation; faces bankruptcy
June 1, 2025
Photovoltaics: Meyer Burger files for insolvency in Germany
June 1, 2025
Polkinghorne’s rule: Auckland’s Northern Club proposes to suspend members charged with criminal offences or declared bankrupt
June 1, 2025
Subpoenas issued after Builder.ai declares insolvency – MSN
May 31, 2025
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