Wave of U.S. Bankruptcies Builds Toward Worst Run in Many Years
- Neiman Marcus’s Thursday filing is one of many expected
- Companies have pre-existing debt made unmanageable by lockdown
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First, J. Crew. Now Neiman Marcus. Flashing red: J.C. Penney, Hertz and many more.
Get ready for what could be the most jarring stretch of corporate bankruptcies in memory. The coronavirus has crushed the life out of some venerable household names.