Billion-dollar US companies have filed for bankruptcy at an unprecedented rate this year as the coronavirus pandemic continues to plague numerous industries.
A record 46 companies with at least $1 billion in assets filed for Chapter 11 bankruptcy as of August 17, the Financial Times reported, citing BankruptcyData.com.
https://markets.businessinsider.com/news/stocks/record-46-billion-dollar-companies-filed-bankrupcy-this-year-ft-2020-8-1029525534
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