The previous record was 38 billion-dollar businesses during the same period of 2009.
"It's going to be a bumpy ride," Ben Schlafman, operating chief of New Generation Research, which owns BankruptcyData.com, told the Financial Times.Billion-dollar US companies have filed for bankruptcy at an unprecedented rate this year as the coronavirus pandemic continues to plague numerous industries.
That figure exceeds the 38 billion-dollar businesses that filed in the same timespan in 2009 — at the height of the financial crisis — and easily surpasses the 18 companies of that size that filed in the same period last year. Large oil-and-gas companies have also been hit hard. There have been 33 filings in the industry this year, including Chesapeake Energy, Whiting Petroleum, and Diamond Offshore Drilling.
And Obama didn't even need to shut down the whole country to cause thousands of companies to go bankrupt.
Effect...and POTUS the realDonaldTrump “...Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. TrumpIsACompleteFailure
Overpaid executives that are isolated from mismanagement repercussions are to blame. Also, easy debt and easy overspending.
federalreserve
And that's BILLION dollar companies, imagine the disaster for much smaller companies
Chapter 11 Woo Hoo! Wash away that debt.
thats the results trump was looking for...as he always has been.. bankruptcy
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