Corporate bankruptcies in the U.S. continue to grow during the coronavirus crisis as 24 companies joined 2020’s list of casualties and pushed the year-to-date total closer to 500, according to an S&P Global Market Intelligence analysis.
A total of 470 companies have gone bankrupt this year as of Sept. 7, more than the number of filings during any comparable period since 2010.
Market Intelligence’s bankruptcy analysis includes public companies or private companies with public debt. Public companies included in the list of companies with public debt must have at least $2 million in either assets or liabilities at the time of the bankruptcy filing. In comparison, private companies must have at least $10 million in assets or liabilities.
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Read the full article at: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-corporate-bankruptcy-count-in-2020-nears-500-as-filings-continue-to-climb-60249430
