Economy

New York bankruptcies reportedly surge 40% during pandemic

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People wearing protective masks walk by a going out of business sign displayed outside Century 21 on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 27, 2020 in New York City.

Noam Galai | Getty Images

Bankruptcies in the New York City region have surged 40% during the coronavirus pandemic compared with the same time a year ago, according to Bloomberg.

The crisis has hit a number of industries across the United States, with retailers and restaurants among those hardest hit. Century 21, the parent company of Chuck E. Cheese and Neiman Marcus are among the companies that have filed for bankruptcy as…



Source cnbc.com

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