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BANKRUPTCY AND THE PANDEMIC

The coronavirus pandemic has been a disaster for the U.S. economy. Countless people have lost jobs and have filed for unemployment. Restaurants and bars have been closed for months, and social distancing means their customer load will be cut at least by half if, and when, they re-open. Looting, during the protests after the murder of George Floyd, has decimated the stock of many stores. Schools and colleges have been closed, with classes taking place online. Theaters have also been closed, as have many houses of worship.

Among the businesses who have already filed for bankruptcy are luxury department store Neiman Marcus, retailer J. Crew, car rental company Hertz, and cafe chain Le Pain Quotidien.

Many more businesses, large and small, will soon be joining what’s been described as a potential tsunami of bankruptcies.

if you have questions about bankruptcy, please contact experienced Brooklyn bankruptcy attorney Bruce Weiner, for a free initial consultation.

Rosenberg, Musso & Weiner, L.L.P
26 Court St # 2211
Brooklyn, NY 11242, USA
718-855-6840
http://nybankruptcy.net/

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