Bankruptcy
Listen Now: Bankruptcy
The pandemic has hit a lot of companies hard, but for some it’s cost everything. I’m Brian Banmiller on Business.
Even when businesses started to reopen and welcome back customers, foot traffic was slow going, with people hesitant to shop. And that means some big companies had no choice but to file for bankruptcy, with casualties across all industries from clothing to travel to oil producers. But that doesn’t mean it’s the end. So Ladders.com put together a list of ten major companies that have filed for bankruptcy and what that means for customers. For example, NPC International. While that might not be a household name, consider this. NPC International is the largest franchisee of Pizza Hut restaurants. Right now it operates more than twelve hundred Pizza Huts and almost four hundred Wendy’s. And what about Hertz? The rental car company filed for bankruptcy with the sudden drop in travel. Now the company is looking to sell its fleet to pay off creditors. For more big companies in the red go to BanmilleronBusiness.com. But don’t worry, for most it’s just a chance to restructure. Brian Banmiller, CBS News.
https://www.theladders.com/career-advice/these-are-the-10-big-companies-that-went-bankrupt-due-to-covid
About Brian
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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