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Indonesia's GDP contracts 2.07% in 2020, the first economic contraction since the aftermath of the 1997 Asian financial crisis in 1998.
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American car rental company Hertz files for Chapter 11 bankruptcy due to accumulating nearly $19 billion in debt.
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Offshore drilling contractor Diamond Offshore Drilling files for bankruptcy due to the oil price collapse, following the reduction in oil demand during the global coronavirus pandemic.
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USA Rugby files for chapter 11 bankruptcy citing "insurmountable financial constraints" amid the coronavirus pandemic.
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Toys "R" Us files for Chapter 11 bankruptcy protection in the United States, and also files for bankruptcy in Canada, as it attempts to restructure its debts.
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Pizza chain Sbarro files for chapter 11 bankruptcy for the second time in 3 years.
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The Los Angeles Dodgers file for Chapter 11 bankruptcy protection.
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United States film studio Metro Goldwyn Mayer begins plans to file for Chapter 11 bankruptcy in a bid to rid itself of $4 billion in debts.
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2020-05-10

COVID-19 pandemic

Colombian airline carrier Avianca files for Chapter 11 bankruptcy protection and liquidates its Peruvian subsidiary as a result of the COVID-19 pandemic.

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