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Top 70 Bankruptcies in 2020

Updated: Oct 16, 2020

I compiled this list because I love to negotiate, and this is great negotiating leverage for commercial tenants. The economy is not out of the woods by a long shot. Already at jaw-dropping record levels, new jobless claims are ticking up, and the number of issuers of distressed debt is growing. The list of companies looking to shirk their debt is exploding.

The following are 70 high-profile U.S. bankruptcies filed in the U.S. so far in 2020. Though the numbers this year already outpaced any previous nine years, the list would be even larger if it wasn’t for the flood of liquidity already unleashed by the Fed and Congress.

Beware too of a growing list of zombie companies kept alive by cheap and free money, the ever-increasing list of companies that haven’t yet filed but will. You might not like me saying it, but there is more carnage to come. That will create huge opportunities for those willing to negotiate. Last quarter the major banks set aside a record amount of loan loss reserves. This quarter they say they’re scaling back those reserves, counting on more bailouts from the government. It’s a bit hyperbolic, but it looks like a house of cards. The artist, Prince, partied like it was 1999 and you know what happened to him. “Oops, out of time.”

Here’s the 2020 bankruptcy list so far (in alphabetical order):

24 Hour Fitness

Advantage Rental Car



Apex Parks Group

Art Van Furniture

Ascena Retail (Ann Taylor, LOFT, Lane Bryant, Justice, Catherines)

Avianca Airlines

Bar Louis

Bluestem Brands

Borden Dairy

Briggs & Stratton

Brooks Brothers

California Pizza Kitchen

CEC Chuck E. Cheese

Centric Brands (License Calvin Klein and Tommy Hilfiger)

Century 21

Chesapeake Energy

Cirque du Soleil

CMX Cinemas



Earth Fare

First Global Restaurants (Brio and Bravo)

Flywheel Sports

Frontier Communications

Garbanzo Mediterranean Grill

Garden Fresh Restaurants (Souplantation and Sweet Tomatoes)


Golds Gym

It’s Sugar

J. Crew

JC Penney

Latam Airlines

Le Pain Quotidien

Le Tote (Lord & Taylor)

Lucky Brand



McDermott International

Modell’s Sporting Goods


Neiman Marcus

New York & Co

NPC (Largest Pizza Hut and Wendy's franchisee)

Old Time Pottery

Paper Store

Pier 1

Pioneer Energy

Quorum Health


Regus Corp (specific locations)



RTW Retailwinds

Ruby Tuesday

Schurman Retail Group (Papyrus)


SpeedCast International (Cruise lines internet, yikes!)

Stage Stores (Goody’s, Palais Royal, Bealls, Peebles, Gordmans)

Stein Mart

Sur La Table

Tailored Brands (Men’s Warehouse, Jos. A. Banks, K&G Fashion Superstore)

The Paper Store

Town Sports International

True Religion

Tuesday Morning

Virgin Atlantic

Whiting Petroleum


-- Steve Miller

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