The first wave of COVID bankruptcies has arrived Updated: February 26 Published February 26
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Print article A New Albany, Ohio, music school offering piano, guitar and violin lessons racked up nearly $1 million in loans and $35,000 in credit card debt. A fine dining restaurant in Providence, R.I., received more than $450,000 in federal small-business funds to help pay workers but still had to close its doors. A nonprofit overseeing the Kit Carson Home and Museum in Taos, N.M., welcomes visitors to learn about the famous frontiersman but listed just $17,000 in assets even after every bone-handled knife, buffalo hide apron and flintlock musket had been tallied.
Bankruptcies are pummeling the real estate, energy, retail and restaurant industries a year into the pandemic
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The wave of covid bankruptcies has begun
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