I wanted to keep a list of companies that became insolvent since the start of Covid-19 period. I have made use of media reports as well as company sources to verify their status.
Some of these businesses have decided to close for good and undergo liquidation processes, selling off their assets for as much cash as they could get. Others have filed for court protection against creditors to give them ample time to work out a get well plan. I have included companies in both of these scenarios.
On many occassions, we cannot simply put a blame on Covid-19 for these business problems. Some of the businesses have faced issues way before Covid-19 struck. It could be due to intense competition or a lack of product-market fit. Covid-19 was just a nail to the coffin.
I segmented the list to 5 parts as some industries such as F&B, airlines and retail had more cases....