As of August 9, 424 companies had filed for bankruptcy, more than any comparable period since 2010, according to S & P global market intelligence. The bankruptcy analysis of S & P global market intelligence companies includes public debt listed companies or private companies. Listed companies with public debt must have at least $2 million in assets or debt at the time of filing for bankruptcy. By contrast, the private sector must include at least $10 million. According to S & P global market intelligence, 100 consumer goods companies have submitted applications this year, including Penney, a large retailer. Melanie cyganowski, a partner at otterbourg, a New York law firm, said in an email to S & P’s market intelligence that the epidemic has affected companies in almost all industries, saying “the economic impact is profound.”. Of these, 35 insolvent companies reported liabilities of more than $1 billion. Analysts say they expect the pace of bankruptcy to continue, with retailers and small businesses facing the most pressure. < p > < p > John blank, chief equity strategist at Zacks investment research, told S & P market intelligence that “physical retail doesn’t work,” adding that airlines and regional banks with excessive exposure to retail business could “crash” without government assistance. < / P > < p > the wave of corporate bankruptcies further weakens the notion of a rapid “V-shaped” economic recovery. Even if coronavirus can be cured tomorrow, the economic impact could last months, even years. However, most mainstream people still seem to believe that with a little more stimulation and an effective coronavirus vaccine, everything will be OK. But as some analysts have repeatedly pointed out, curing coronavirus does not fix the economy. In the long run, what the government calls “help” will only make things worse.