During the deepest recession in modern history, bankruptcy filings are substantially down from pre-pandemic levels. This means a backlog of cases that will eventually have to be filed is stacking up, creating an impending wave of bankruptcies and business failures. All businesses, whether financially healthy or unhealthy, should prepare for that eventuality now. Learn more in this issue of Parsons’ COVID-19 Response Resources newsletter.

You can also see additional clarification from the Treasury Department regarding the payroll tax deferral Executive Order.