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From Forever 21 and Payless to PG&E, here are the biggest bankruptcies of the year so far
From Forever 21 and Payless to PG&E, here are the biggest bankruptcies of the year so far
Shoshy CimentOct 3, 2019, 19:15 IST
Shutterstock/freemind-production
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2019 has been a tough year for retail. More than 8,200 stores are expected to close this year, and multiple companies have already filed for bankruptcy.
Industries such as transportation, energy, and communications have also been plagued by bankruptcies.
Here are the 21 largest companies that have filed for bankruptcy in the US so far in 2019, compiled by Chapter11Dockets.com.
With more than 8,200 stores planned to close in 2019, the retail apocalypse is in full swing. Many companies have already filed for bankruptcy this year, but the list continues to get longer.
Retail isn't the only industry with struggling companies. Multiple companies in industries such as transportation, energy, service, and communications have also filed for bankruptcy in 2019.
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Chapter11Dockets.com complied a list of the 21 largest companies to file for bankruptcy in the US so far this year, as of September 30. The list includes companies across various industries and is ranked according to the value of assets held by each company at the time of the bankruptcy filing.
Energy company PG&E Corporation was the largest bankruptcy, with $71.4 billion in assets at the time of its filing in January. Also included in the list are stores like Payless ShoeSource, which filed for bankruptcy in February, and Forever 21, which filed on Sunday.
