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
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...
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