Business Impossible: How COVID-19 Led to the Bankruptcy of World-renowned Companies

Businesses gone bankrupt due to COVID-19

Source: Dreamstime

Reading time: 6 minutes

As expected, the unprecedented crisis, provoked by the global COVID-19 pandemic, led to significant economic problems and bankrupted many businesses of all sizes and in all economic sectors. 

Аccording to some estimates, the negative effects of the downturn have already outweighed those of the 2008 crisis. “I’m pretty confident we will see more bankruptcies this year than ever before,” recently commented for Fortune magazine James Hammond, CEO of New Generation Research – the data analytics company that runs Bankruptcy Data. 

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