U.S. Chapter 11 bankruptcy filings surge in May
03 Jun U.S. Chapter 11 bankruptcy filings surge in May
Posted at 15:38h
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by KMFSLLP
U.S. commercial bankruptcy filings under
Chapter 11 of the U.S. Bankruptcy Code jumped in May by 48% from
year earlier, marking an initial wave of insolvencies arising
from the business disruptions triggered by the COVID-19
pandemic, the American Bankruptcy Institute said on Thursday.
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