Large company bankruptcies are up 120%Not surprisingly, some sectors hit the hardest by the pandemic are seeing the biggest spikes in bankruptcy filings. For instance, aviation bankruptcy filings are up 110% on an annualized basis, while oil and gas filings have climbed 45%, Jefferies said. Entertainment bankruptcy filings are also up 22%. But that's likely because there have been fewer bankruptcy filings by small companies, the ones with the fewest resources on hand during a crisis. It's easy to see how bankruptcy filings would be much higher without the unprecedented support from Uncle Sam.

Source: CNN September 11, 2020 12:11 UTC