![](https://www.sandbergphoenix.com/uploads/images/attorneys/Sharon_Stolte_splash.png)
Bankruptcy Blog
June 9, 2021
House of Cards?
Workout and bankruptcy professionals braced themselves for a wave of consumer and commercial bankruptcy filings because of the COVID-19 economic recession. Afterall, shuttered businesses led to the highest rates of job loss in recent memory. Business interruption and job loss usually result in bankruptcy filings. Instead, we saw a major drop in filings.