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October 2020 » More Bankruptcies, More Opportunities...
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Sidney Kess, JD, LLM, CPA, and Alan Gassman, JD, LLM, and Aaron Slavutin, JD
From name-brand corporations like JCPenney and Neiman Marcus to small and mid-sized companies, businesses of all sizes are responding to pandemic-related lockdowns by seeking refuge in bankruptcy. Legal services provider Epiq has reported that June 2020 commercial Chapter 11 filings were up 43% from one year earlier; for the first half of 2020, total commercial Chapter 11 filings were up 26%, to 3,604 new filings.
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