Big firms are filing for bankruptcy left and right — and it’s just the beginning

BusinessInsider/Joe Ciolli/5-16-2023

“Vice – saddled with liabilities of up to $1 billion – has filed for bankruptcy. It’s far from alone. Six other large companies threw in the towel within a recent 48-hour span, the most active such period for bankruptcies since 2008, according to Bloomberg data looking at companies with at least $50 million in liabilities.”

USAGOLD note: These are the sorts of things that happen when a real recession takes hold……