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Covid Vaccine Gives Small Businesses Enough Hope to Go Bankrupt Bloomberg 12/29/2020 Steven Church © Bloomberg Atlanta Taekwondo Academy stands permanently closed in East Point, Georgia, U.S., on Friday, June 12, 2020. A National Bureau of Economic Research study released last week suggests Black entrepreneurs were in a historic fight for their survival during the shutdowns, with 41% of them closing their businesses, more than double the rate for White owners. (Bloomberg) Going bankrupt is expensive especially for small businesses. As the pandemic intensified, even companies with enough cash to try to reorganize in court lost faith that they’d be able to stay open after cutting their debts.

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