For retailers, bankruptcy more likely to end in liquidation

Nearly half of the major retailers that filed for bankruptcy protection over the past 15 years eventually shuttered all of their stores, Fitch Ratings found in a report. Of 55 retail and supermarket bankruptcies, 25 were liquidated, the report showed. Meanwhile, bankruptcies among all U.S. companies led to liquidation just 13 percent of the time, according to the Wall Street Journal, which covered the Fitch research. Brick-and-mortar stores are facing mounting challenges from online retailers

source https://therealdeal.com/2020/01/23/for-retailers-bankruptcy-more-likely-to-end-in-liquidation/