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Bankruptcy Law Needs a Boost for Coronavirus

Even with trillions of dollars of support coming from Washington, thousands of consumers and businesses are going to default on their debts in the coming months. How ready is the bankruptcy system for the coming wave of distress?

For small businesses, the prospects are bleak. Thousands may be rescued by the funding available to individuals and small businesses under the Cares Act stimulus. But most of those that wind up in bankruptcy will go under, even with new provisions Congress enacted last year to make it easier for small…

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