Real estate firms were bucking the trend of fewer bankruptcies in companies with over $100 million in assets this year, says a new report from Cornerstone Research.
With the recovery from the pandemic, only 43 large company bankruptcies were filed in the first half of 2021, compared to 89 during the same period in 2020.
Still suffering from the fallout of Covid-19 struggles of shopping centers and hotels, real estate was a notable exception to the trend of lower bankruptcies.
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