The wave of business bankruptcies as a result of the COVID-19 pandemic in the US
Although the global economic crisis of 2020 was caused by the spread of coronavirus, not the crisis situation in the United States, as in the case of the financial crisis of 2007-2009, the current state of affairs in this country is still of separate interest, as the state of the world's largest US economy has a significant impact on the economies of other countries, including Russia. Like any economic crisis, the crisis provoked by the pandemic was accompanied by the growing number of company bankruptcies. In the United States, this growth occurred within a few months after the COVID-19 pandemic outbreak, and the number of bankruptcies continues to grow despite government measures to contain it. Almost half of the about 2.9 trillion dollars in crisis relief funding was allocated to financial aid for companies experiencing difficulties and for protection of small businesses. Nevertheless, in 2020 the number of business bankruptcy filings was 32,506, a 43 % increase over 2019. The problems of companies, already existing at the time of the coronavirus emergence, and the weaknesses of the American bankruptcy system, declaring themselves much more strongly in the current conditions of the pandemic, are among the main factors influencing the situation with bankruptcies in the country. The Government cannot concentrate all its energies on support to business when a matter of the health and life of citizens comes first. Today, the US ranks first in the world in terms of the number of COVID-19 cases and deaths.