The year started slowly for Chapter 11 bankruptcy filings in New York Eastern Bankruptcy Court, with fewer in January and February than in the first two months of 2019. Then came March. Sixty companies filed for Chapter 11 during the month, up 58 percent from a year earlier and more than twice as many as in March 2009, when the stock market hit bottom at the end of the Great Recession. Chapter 11 allows businesses
source https://therealdeal.com/2020/04/16/chapter-11-bankruptcies-in-new-york-at-historic-high-trd-insights/
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