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U.S. Bankruptcy Tracker: Vaccine Won’t Halt Travel, Retail Decay

  • Some can’t survive post-virus economy: Duff & Phelps’ Conlan
  • November was lightest month of the year for Chapter 11 filings

Credit markets are surging on hopes that a successful coronavirus vaccine will soon be rolled out, slashing the inventory of distressed debt and all but halting U.S. bankruptcy filings. But the pandemic has permanently damaged travel and retail companies, some of which may not survive next year, according to Kelly Conlan, managing director at Duff & Phelps LLC.

“The next wave of filings will come from the companies which continue to be impacted by the pandemic, even after a vaccine is distributed,” said Conlan, who specializes in disputes and tort claims consulting.