The bankruptcies are piling up. Hertz and JCPenney are two of the most high profile publicly traded companies to file for Chapter 11 protection since the Covid-19 pandemic hit the United States. They have plenty of company.
But investors should reconsider if they think that now might be the time to do some bargain hunting with shares of bankrupt companies. After all, Hertz () and JCPenney () were struggling long before the coronavirus arrived. CNN BUSINESS