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The coronavirus pandemic is bringing on a wave of bankruptcies in 2020. And its not just the retail sector thats suffering. Automotive, aviation, telecom, and oil and gas companies are all feeling the pain as consumer demand dries up. Despite the billions of government support and loans, it might be too late for a lot of companies. Experts say were on track to mirror the number of commercial bankruptcies seen during the Great Recession. So what do all of these bankruptcies mean for the economy moving forward? And how do big brands bounce back successfully after theyve filed for bankruptcy? CNBC explores bankruptcies and the impact it can have on consumers, businesses, and the economy as the race for a vaccine continues.

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How Coronavirus Set Off A Bankruptcy Wave For The U.S. Economy

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How Coronavirus Set Off A Bankruptcy Wave For The U.S. Economy

The coronavirus pandemic is bringing on a wave of bankruptcies in 2020. And it’s not just the retail sector that’s suffering. Automotive, aviation, telecom, and oil and gas companies are all feeling the pain as consumer demand dries up. Despite the billions of government support and loans, it might be too late for a lot of companies. Experts say we’re on track to mirror the number of commercial bankruptcies seen during the Great Recession. So what do all of these bankruptcies mean for the economy moving forward? And how do big brands bounce back successfully after they’ve filed for bankruptcy? CNBC explores bankruptcies and the impact it can have on consumers, businesses, and the economy as the race for a vaccine continues.

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

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How Coronavirus Set Off A Bankruptcy Wave For The U.S. Economy
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