United States: Highest bankruptcy filings since 2010
Corporate bankruptcies have reached their highest level since 2010, according to data published by S&P Global Market Intelligence and shared by the Financial Times. This situation is due in particular to high interest rates, which are difficult for companies to bear, and declining consumption in certain areas.
At least 686 American companies went out of business in 2024, compared to 636 the previous year, an increase of around 8%. Such levels have not been recorded since 828 bankruptcy filings in 2010. At least 30 of the companies that filed for bankruptcy last year had at least $1 billion in debt at the time of filing, S&P data shows.
However, the number of corporate bankruptcies had declined, reaching a low point in 2022 with fewer than 400 bankruptcies. Since then, however, the number of bankruptcy filings in the United States has continued to rise.
According to Fitch Rating, quoted by the FT, out-of-court proceedings to avoid insolvency have also increased, to a level almost twice that of bankruptcies.
