The COVID-19 pandemic has had a devastating impact on businesses across the country. Big names from a variety of industries—including Hertz, GNC, Whiting Petroleum, Gold’s Gym, J.C. Penney, Neiman Marcus, Lord & Taylor, 24 Hour Fitness, Brooks Brothers, Lucky Brand, California Pizza Kitchen, Men’s Warehouse, Chuck E. Cheese, and PQ New York—made headlines with Chapter 11 bankruptcy filings in the wake of the lockdown.

During the first half of 2020, Chapter 11 bankruptcy filings increased by 26 percent over the year-prior period, according to Epiq, and a full economic and social recovery remains a long way off.