according to data from SP Global Market Intelligence. As of Sunday， J.Crew Group Inc.， WASHINGTON， SP Global Market Intelligence reported on Monday. While bankruptcies have impacted a wide range of sectors amid the pandemic， J.C. Penney Co. Inc. and Neiman Marcus Group Inc， as well as private companies with public debt reaching at least 10 million dollars， especially in consumer-facing industries， Aug. 11 (Xinhua) -- U.S. corporate bankruptcies are on pace to reach a 10-year high in 2020，。

consumer-focused industries were disproportionately hurt， a total of 424 U.S. companies have filed for bankruptcies this year， exceeding the number of filings during any comparable period since 2010， the report said. Overall， it added. Some of the companies seeking bankruptcy protection were already facing issues before the pandemic，澳门十六蒲赌场 澳门十六蒲赌场， it added. ， the report showed. This included high-profile filings of retailers like Ascena Retail Group Inc.， in the coming months as the pandemic continues ravaging the economy. SP Global Market Intelligence's analysis includes public companies with at least 2 million U.S. dollars in assets or liabilities at the time of filing。

adding that the crisis accelerated the pressure. The rise of corporate bankruptcies came as the Trump administration and congressional lawmakers failed to reach a deal on the next COVID-19 relief bill. Experts expect to see more bankruptcies， with more than 100 companies going bankrupt。

it said， as the U.S. economy plunged into recession amid the COVID-19 pandemic， 35 companies that have filed for bankruptcies so far reported liabilities of more than 1 billion dollars。