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More Bankrupted Companies Opted For Reorganization, Not Liquidation, in 2020

Experts predict fewer bankruptcies on the whole this year, though retail reorganizations are likely to continue.

By Lynn Pollack | April 06, 2021 at 07:46 AM

Reorganization is now increasingly favored over liquidation, according to an analysis of COVID-era corporate bankruptcy filings by S&P Global Market Intelligence. 

Almost 62% of corporate bankruptcy filings last year sought to reorganize or restructure, the highest watermark since 2010, according to S&P data—and 2021 filings are set to outpace last year’s numbers. Conversely, in 2018 and 2019, liquidations were more commonly sought in bankruptcy filings. 

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