Struggling retailers rush to file for bankruptcy as fears of a second wave of covid-19 linger

who pays for bankruptcies

Over a two-week span in early July of 2020, seven retailers, including The Paper Store, Lucky Brand and Brooks Brothers filed for bankruptcy protection. J.Crew, Neiman Marcus and J.C. Penney and four other retailers had already filed in May. Lord & Taylor and the off-price shop Stein Mart led another wave that hit earlier this month. Some would say it has been a flood, but what’s coming could be a tsunami.

Read MoreStruggling retailers rush to file for bankruptcy as fears of a second wave of covid-19 linger