New York bankruptcies reportedly surge 40% during pandemic

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

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.

and Neiman Marcus are among the companies that have filed for bankruptcy as a result of the pandemic. But in New York City, which became the epicenter of the virus in March, the environment has been especially challenged. Tourism has plummeted, government officials have been more cautious about reopening the economy andFrom March 16 to Sept. 27, 610 businesses filed for bankruptcy in the Southern and Eastern Districts of New York, the publication reported on Tuesday.

Owners of small businesses, which have struggled more during the pandemic, are less likely to file for bankruptcy. Instead, many are simply leaving the keys in the door. Yelp data shows that more than 4,000 New York City businesses have permanently closed since March. Another flurry of bankruptcies and permanent closures are expected as cold weather arrives along with a forecasted second wave of coronavirus cases. Local health officials issued a warning on Monday as cases in New York rise and hospitalizations increase.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

soledadobrien In trumps America

soledadobrien Are we great yet?

all tourist places, florida, california

Breaking: How Cuomo and De Blasio killed New York!

At least they’re all wearing their face coverings that don’t stop a virus.

No shit! But get on line to vote . Cows!

Are we great again?

Time for Blasio and Cuomo to go 😉

man. if only people had ubi, you would actually have some damn customers. people buy nothing if they cant pay rent. when we demand UBI, its not just for us. its for our entire economic recovery.

What do you expect with the chosen leaders in NYC and throughout the state. AOC et al.... no business sense. Wont get better so deal with it

Congress where are ya?

Wonder why so many bankruptcies in New York

YangwasRight

When you have the worst Policy Error ever aka the Shutdown you have all sorts of collateral damage 😎

UROCKlive1 I think Trump wanted the economy opened up and schools open and people back to work simply to help his own businesses. Which are failing just like many. His sole concern is always him. He’d send hundreds of thousands of people to their deaths just for his personal finances.

UROCKlive1 Thanks to Trump and his henchmen in office and Russian operatives behind computer keyboards.

soledadobrien They need to ask trumpvirus how to do it! 🤷‍♂️

soledadobrien Had Trump not lied and kept it to himself businesses could have taken control and made decisions. Trump takes no responsibility for his decision to lie to all Americans. This is on Trump the man in charge. He ignored all intelligence warnings of a deadly virus. It’s all on him.

Sadly all of the financial problems will eventually hit all of us!

Sad but this is what happens when you have a lack of leadership from our elected officials! It didn’t need to get this bad ! The damage could have been minimal otherwise!

soledadobrien Are we winning yet?

soledadobrien How many of those involve a Trump or Kushner... BrokeAssPresident

soledadobrien not the only ones, Americas farmers bankruptcies have gone up 42% since trump took office

soledadobrien Trump, whom shows to be indebted the $400,000,000+ to probable thugs, con-men, grifters, government mafias like Putin's entities and Deutsche Bank, will contest everything in OUR election results. TRUMP'S ATTENTIONS HAVE CERTAINLY NOT CENTERED TOWARDS THE GOOD OF 'THE PEOPLE'.

And yet these braindead zombies keep praising the mayor of NYC and the governor who sat back and did nothing.

Was Trump one of them?

I thought Donald T was fixing this crap?

Leftist politicians did a number on small businesses.

The free market has decided

And that is with a moratorium evictions:

Riots, Arson & Looting. Add to that Tax Avoidance. People fleeing California & New York.

Open the economy who is selling america ?

Cuomo and Diblasio both need to step down

Capitalism is garbage

This was the dumbest Washington idea to give the PPP money in a lump some. Just as expected, some businesses took the PPP money and declare bankruptcy🤷‍♂️

Awts

No one could have predicted this! :o

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York Nico Is Helping Save New York City, One Instagram Post at a Time'A record store isn't going to sell enough records to make enough money to cover their $17,000 rent in East Village.' Nicolas Heller AKA New York Nico NuevaYorkNico is using his platform to help save New York City's small businesses. NuevaYorkNico Don’t stop following your dreams no matter how high they might seem to be you’ve got to fight to keep them alive and shine the light into the corruption of property owners everywhere and every time. Tell people how they make their dimes on the back of the American dreams.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Dexta Daps Holds Seemingly Packed Concerts in New York & New JerseyDexta Daps played two seemingly packed outdoor concerts on Sept. 26 and 27, and is now facing some heat. See the videos.
Source: billboard - 🏆 112. / 63 Read more »

Lily Allen 'moving to New York' to live with new husband David HarbourLondon born Lily Allen is reportedly getting ready to pack up and move stateside as she embarks on married life with her new husband Good riddance The rest of the Uk
Source: Mirror Celeb - 🏆 476. / 51 Read more »

Top seven revelations from New York Times report on Trump income taxesThe bottom line from the New York Times report: President Trump has had small federal tax bills and major financial losses during his business career, and some of his tax maneuvers have come under legal scrutiny. What his tax returns didn’t show was collusion with Russia - meanwhile Hunter Biden received a $3.5 million wire transfer from Elena Baturina. Ms. Baturina is the wife (widow) of the former mayor of Moscow. TrumpSyndicate (DJT, GOP, Trump Org, Barr, DOJ) is a crime scene whichever direction you look. As POTUS, Trump is: - padding own pockets w govt funds - destroying fabric of Americana - plunging Int’l credibility - purging criminal records of allies - targeting political foes Well, you know...only suckers pay taxes. 🤨
Source: USATODAY - 🏆 100. / 63 Read more »

9 key takeaways about Trump Inc. from the New York Times reportA bombshell New York Times investigation has offered the most conclusive proof yet that President Trump's business empire is nowhere near as successful as he claims Whomever leaked those private documents to the nytimes (slimes) needs to be arrested and prosecuted to the fullest extent of the law. Felony charges for all involved. A house of cards built on a pyramid. We have only seen info from his time in the Presidency where he had to separate himself from his business.... but OK
Source: CNN - 🏆 4. / 95 Read more »

One Woman’s Journey From New York Bond Trader to OrthodontistShe liked the action of trading, the rapid-fire math, the smart people, the pay. But after a few years, Chris Bonebreak Jackson wanted out. So she began a 7-year transition into the family profession. Welcome to the broadcast Well, to a large degree, trading is like pulling teeth. Bonebreak? Really?
Source: WSJ - 🏆 98. / 63 Read more »