In Bankruptcy Blaze, Virus Was Spark, Debt Was Tinder: QuickTake | #tinder | #pof


_________________________


Bankruptcy Law News

July 22, 2020, 9:00 AM

Covid-19 is the lighter fluid for this year’s bonfire of corporate bankruptcies, but it was a decade of cheap debt that piled up the kindling. The year to date has seen more U.S. firms go bust than at any time since the recession that followed the 2008 financial crisis. But it could easily have been worse, and the markets are expecting far more in the months ahead. Just how many firms file for bankruptcy — and how many temporary job losses turn out to be permanent — depend on what Congress and the U.S. Federal Reserve do, but above all…

To read the full article
log in.

To learn more about a subscription
click here.


Source link

.  .  .  .  .  .  . .  .  .  .  .  .  .  .  .  .   .   .   .    .    .   .   .   .   .   .  .   .   .   .  .  .   .  .


_________________________