The news of potential bankruptcy filings by some of the world’s biggest companies has been shocking and concerning. From well-known retail stores to massive corporations, many of the names we’re used to hearing about are at risk of filing for bankruptcy.
The following will focus on familiar names in their respective industries who have filed for bankruptcy recently. Not all companies can be as profitable as Amazon or Walmart. Read on to find out which companies are on their way out and which are working towards restructuring under Chapter 11.