Completely agree with the sentiment and view of the situation. One nitpick, there are two types of bankruptcy for businesses, chapter 7 and chapter 11. Chapte

Completely agree with the sentiment and view of the situation. One nitpick, there are two types of bankruptcy for businesses, chapter 7 and chapter 11. Chapter 11 is for restructuring the business and keep it running, but it's very expensive (around $100k in legal fees in California), and it only really makes sense for businesses that have a decent outlook for the future, so it's mostly an option for mid/big-size businesses. Chapter 7 implies shutting down a business for good. Assets are liquidated and the business completely terminated. There are also big legal risks for the company owners/officials of starting the same or similar business again after bankruptcy, as they can be accused of fraud (basically mis-using chapter 7 to avoid debt liability to then continue pursuing the same business). Usually chapter 7 is the only real alternative to small businesses, and given the legal risks, it's unlikely they can come back to life afterwards. This crisis will be truly devastating for a lot of businesses.