These Ten Companies Have Filed For Bankruptcy Amid Pandemic [TheStreet.com]
PYXUS INTL INC (PYX)
Company Research
Source: TheStreet.com
With the coronavirus pandemic drastically stalling the U.S. economy, some companies have been unable to weather the storm and have filed for Chapter 11 bankruptcy. The retail sector, already struggling before the onset of the pandemic, has been particularly hard hit. For businesses like J. Crew and Neiman Marcus, COVID-19 was the straw that broke the camel's back.On Monday, tobacco supplier Pyxus International(PYXGet Reportfiled for bankruptcy24 Hour Fitness Worldwide also filed for Chapter 11 bankruptcy protectionHertz filed for bankruptcy earlier this month"With the severity of the COVID-19 impact on our business, and the uncertainty of when travel and the economy will rebound, we need to take further steps to weather a potentially prolonged recovery,” CEO Paul Stone said at the time.Watch the video above to learn about 10 companies that have filed for Chapter 11 bankruptcy due to the coronavirus pandemic.Watch More of the Latest Videos from TheStreet and Jim Cramer Advice for Inves
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