15 Countries That Are Going Bankrupt Because of COVID | Wealth Professor

15 Countries That Are Going Bankrupt Because of COVID | Wealth Professor

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy is a legal status that usually lasts for a year and can be a way to clear debts you can't pay. When you're bankrupt, your non-essential assets and excess income are used to pay off your creditors. At the end of the bankruptcy, most debts are cancelled.

With a handful of prominent companies already buckling under the economic fallout from the coronavirus, new research indicates that bankruptcies are set to rise even higher as debt-laden businesses succumb to the effects of COVID-19. To estimate the upcoming increase in financial distress, the researchers tracked the U.S. unemployment rate and the frequency of businesses going bankrupt from 1980 to the first quarter of 2020. The researchers also forecast bond ratings downgrades and defaults and examined the impact of reduced revenues and profits on corporate balance sheets.

»» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» » »» »» »» »» »» »»

Do you have any knowledge to solve this situation? Feel free to let us know below!

Also, if this video helpful to you, don't hesitate to leave a like, and hit that subscribes button for more high-quality content!

»» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» » »» »» »» »» »» »»

▲ Last Week's Videos ▼

The Homeless Man Who Bought A Bugatti | TheStradman (Wealth Professor)
https://www.youtube.com/watch?v=BcbqvsqvxcA

Why is The Middle Class Financially Ruined | Financial Education (Wealth Professor)
https://www.youtube.com/watch?v=hf00H_jZiSo

»» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» » »» »» »» »» »» »»
#bankrupt #covid19 #financenews

Tags: bankrupt,bankruptcy,bald and bankrupt covid,bankrupt bald,corona,covid,Coronavirus,COVID19,covid-19 updates,coronavirus pandemic,coronavirus news,covid-19 business,economy,covid-19 economy,business news,finance stock,stock market,news station,breaking news,us news,world news,finance news,money,money tips,financial news,stock market news,stocks,cuban doll bankrupt,bankrupt companies,bankruptcy fraud,top 15,covid bankruptcies,bankrupt covid

»» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» »» » »» »» »» »» »» »»

RIGHT NOTICE: The Copyright Laws of the United States recognizes a “fair use” of copyrighted content. Section 107 of the U.S. Copyright Act states: “Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phono records or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. ” This video and our youtube channel in general may contain certain copyrighted works that were not specifically authorized to be used by the copyright holder (s), but which we believe in good faith are protected by federal law and the fair use doctrine for one or more of the reasons noted above.