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U.S. Bankruptcy Tally the Worse Since December 2011


U.S. Bankruptcy Tracker: Virus Sparks Worst December Since 2011
The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter the worst period since 2009.
Bloomberg | Dec 22, 2020
(Bloomberg) This month has seen 16 large companies file for bankruptcy protection in the U.S., the most of any December since 2011, according to Bloomberg data.
The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter of 2020 the worst for that period since 2009.
Several of the companies that filed for Chapter 11 protection in December cited the Covid-19 pandemic as a factor in their distress. Two different coal companies, a Brooklyn hotel, a California gym chain and an offshore driller said the virus was at least part of the reason for their filings.Rough Winter ....

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