U.S. Chapter 11 bankruptcy filings surge in May

REUTERS, JUNE 4, 2020 (Reuters) – U.S. commercial bankruptcy filings under Chapter 11 of the U.S. Bankruptcy Code jumped in May by 48% from year earlier, marking an initial wave of insolvencies arising from the business disruptions triggered by the COVID-19 pandemic, the American Bankruptcy Institute said on Thursday. Chapter 11 filings rose 28% in … Continue reading U.S. Chapter 11 bankruptcy filings surge in May