Corporate Bankruptcies End 2020 at 10-Year High – GlobeSt.com

As the economic repercussions from the COVID pandemic continue to unfold, corporate bankruptcies are piling up. S&P Global Market Intelligence says US corporate bankruptcies reached their worst levels since 2010 when 900 companies declared bankruptcy. In all, 630 companies declared bankruptcy during the year. In 2019, 578 companies declared bankruptcy, while 513 declared bankruptcy in…

Record number of restaurants and bars go bankrupt in 2020 : The Asahi Shimbun – Asahi Shimbun

The novel coronavirus pandemic dealt Japan’s restaurant industry a major blow in 2020, leaving a record number of bars and eateries in financial ruin as customers stayed home and establishments closed early. A record-high 780 restaurants and bars in Japan went bankrupt in 2020, the credit research company Teikoku Databank Ltd. (TDB) announced on Jan.…

Scarborough named local authority with the highest personal insolvencies in England and Wales – Business Up North

Eleanor Temple, Yorkshire Chair of R3 The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across…

Scarborough top for bankruptcy in England and Wales – pandemic is likely to make it worse – The Scarborough News

Statistics released by the Insolvency Service show that even before the financial effects of Covid-19 hit peoples incomes, Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. There were 453 cases of bankruptcy in the borough in 2019 – a rate of 50.8 per 100,000. That number was…