Current Bankruptcy Wave Soars

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 Within the last few weeks, numerous companies are seeking bankruptcy filing, more in the last two days than in the last two weeks. Seven cases of bankruptcy filings have been reported since Sunday, topping the already five that were reported as of June 13th. Companies such as, 24 Hour Fitness Worldwide Inc., Pyxus International and two new software corporations are all included. A report shows the corporation, Skillsoft Corp., helped set a software company bankruptcy record of 4 this year. A mere 6 months into 2020, the depleted economy and pandemic have caused an astonishing 111 bankruptcies. This has been the most reported since the year 2009.

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