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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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Bankrupt ex-senator to appear as candidate in election | The Senior
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Companies Are Going Bankrupt at the Fastest Rate Since 2010 – WSJ
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Lawrence Dallaglio at risk of going bankrupt with £3m family home up for sale | Rugby | Sport
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May 10, 2025
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