Economics
U.S. Bankruptcy Tracker: Virus Sparks Worst December Since 2011
- A range of companies cited the pandemic in filings this month
- Real estate companies can’t keep stomaching rent abatements
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This month has seen 16 large companies file for bankruptcy protection in the U.S., the most of any December since 2011, according to Bloomberg data.
The 44 bankruptcies by companies with over $50 million since Oct. 1 make the fourth quarter of 2020 the worst for that period since 2009.