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The courts are sheltering in place too. 101cats/Getty Images

Bankruptcy courts ill-prepared for tsunami of people going broke from coronavirus shutdown

The bankruptcy system has always been difficult to navigate, especially for minorities and other vulnerable groups. The pandemic is making it a lot harder.
About 23,000 companies went out of business in 2017. Reuters/Nick Zieminkski

How corporate bankruptcy works

A bankruptcy filing always means there's not enough money to go around, but the process ensures both debtors and creditors are protected.

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