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The Conversation USA

What do struggling small businesses need most? Time – and bankruptcy can provide it

  • Written by Brook Gotberg, Associate Professor of Law, University of Missouri-Columbia
imageFor some small businesses, temporary will become permanent.AP Photo/Elaine Thompson

The coronavirus pandemic and lockdown forced nearly a third of all small businesses in the United States to close. Some have shut down for good – one estimate puts the percentage at almost 2%, or over 100,000 so far.

Those that remain and are gradually...

Read more: What do struggling small businesses need most? Time – and bankruptcy can provide it

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