50 Brands on the Brink of Declaring Bankruptcy

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In a financial downturn, Armstrong Flooring, a well-known flooring company, sought safety by filing for Chapter 11 bankruptcy in May of 2022. The corporation, facing a perfect storm of issues, cited supply chain disruptions, inflationary pressures, and the long-term effects of the COVID-19 pandemic as major factors to its financial woes.

Armstrong Flooring

As of 2023, Armstrong had arround $500 million in assets but roughly $300 million in liabilities. The significant disparity between assets and liabilities highlights the seriousness of the company's financial difficulties. Supply chain disruptions and inflationary dynamics, worsened by the pandemic's widespread effects, are likely to have interrupted manufacturing, raised expenses, and impeded Armstrong Flooring's income streams. 

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