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first round of Coronavirus putting many out of work…
With the first round of Coronavirus forcing the closure of small businesses and putting many out of work, we began to see a lot of bankruptcy filings. Naturally, businesses couldn’t keep up and consumer spending was way down due to the unknown of what the future outcome of the virus would be.
Enter wave 2 of the Coronavirus, after all government aid has been passed out and some of these individuals and companies that have been sitting idle due to that little bit of relief. Here is where we will begin to see more companies and individuals that no longer have any government aid, as unemployment begins to rise and they will be forced into Chapter 7, 11, or 13 bankruptcy.