Best economy ever! Aantal Amerikaanse faillissementen stijgt enorm
8 June 2020
16:14
“All that was missing was a catalyst, one which according to Bloomberg arrived in late May as retail landlords started sending out thousands of default notices to tenants, who in turn experienced a collapse in foot traffic, sales and cash flow due to the COVID-19 pandemic, and were simply unable to pay their debt obligations.”
“Last Thursday, these anecdotal reports were confirmed by the American Bankruptcy Institute which announced that as expected, corporate bankruptcies soared during May, pushing the number of filings to levels recorded in the wake of the 2007-09 recession. According to figures from legal-services firm Epiq Global, US bankruptcy courts recorded 722 businesses nationwide filing for chapter 11 protection last month, a yearly increase of 48% from 487 businesses in May of 2019. The surge was also seen on a month-over-month basis, which jumped by 28% from the 562 Chapter 11 filings in April.
The number of corporate bankruptcies in May was the highest since May 2011, when the great financial crisis was still impacting corporate viability.”
