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What is the impact of the application for bankruptcy protection on electromagnetic flowmeter

Thousands of retailers, energy companies and other businesses have been hit hard by the outbreak of corporate bankruptcies in the United States. And for the domestic Electromagnetic current amount meter In terms of products, the U.S. market has also been greatly affected.

YJ-LDE Series electromagnetic flowmeter is a high intelligent flowmeter product based on Faraday's law of electromagnetic induction YJ-LDE The measurement accuracy, reliability and stability of the series electromagnetic flowmeter have been improved, and the service life of the electromagnetic flowmeter has been increased. At present, YJ-LDE Series electromagnetic flowmeter is widely used in petrochemical, machinery manufacturing, metallurgical power generation, paper and textile, food and pharmaceutical, sewage treatment, environmental protection supervision and other fields.
 electromagnetic flowmeter

According to the legal services company Epiq Global Data as of six month thirty In the first half of this year, more than three thousand and six hundred U.S. companies filed for bankruptcy protection, a sharp increase over the same period last year 26% Only in six In June, as the outbreak rebounded across the United States and the economic recovery stalled, the number of bankruptcy filings of American enterprises soared over the same period last year 43%

The brands that went bankrupt this year include children's theme restaurants Chuck E. Cheese Car rental company Hertz Fashion Group J. Crew Department stores J.C. Penney and Neiman Marcus They are only a small part of the wave of bankruptcies since the outbreak.

At the same time, many financial experts believe that the worse still lies ahead. Retailers and energy companies are particularly vulnerable. For example, oil producers Lonestar Resources And clothing retailers Tailored Brands Companies have recently skipped bond payments, a common manifestation of corporate financial distress.

"As the government's rescue plan to stabilize the economy begins to expire, bankruptcy filings provide protection for families and businesses facing increasingly severe financial difficulties." Amy quekenbose, executive director of the American bankruptcy Association( Amy Quackenboss )"We expect (bankruptcy) filings to start to increase as a result," he said

The current bankruptcy rules in the United States are designed to help enterprises complete bankruptcy proceedings faster and reduce the cost of documents. Bankruptcy does not necessarily mean the death of the enterprise. Some enterprises can restructure their debts and businesses through bankruptcy protection, so as to become a more competitive enterprise.

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