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Analysis

Corporate Bankruptcies End 2020 at 10-Year High

In all, 630 companies declared bankruptcy during the year.

By Les Shaver | January 07, 2021 at 07:23 AM

As the economic repercussions from the COVID pandemic continue to unfold, corporate bankruptcies are piling up.

S&P Global Market Intelligence says US corporate bankruptcies reached their worst levels since 2010 when 900 companies declared bankruptcy. In all, 630 companies declared bankruptcy during the year. In 2019, 578 companies declared bankruptcy, while 513 declared bankruptcy in 2018.

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