Given that the government’s emergency small business aid program is now out of money, there’s a risk that America could see a massive spike in company bankruptcies in the very near future. To put a boom like that in perspective, the most company bankruptcies filed in a single quarter was 82,446. What quarter saw the high-water mark for these filings?
Hint: As you might suspect, a precipitous stock market drop pre-dated these bankruptcies.
See the answer on the next page.
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