The U.S. saw a sharp increase in corporate bankruptcy filings in July, according to a recent report, reaching a post-COVID peak and placing 2025 on track to surpass last year's total.
S&P Global Market Intelligence, the research and data arm of the credit-rating agency, found that filings by large public and private companies rose to 71 last month from 66 in June, marking the highest monthly tally since July 2020. So far in 2025, meanwhile, the total of 446 bankruptcy filings is the highest for this seven-month stretch since 2010....
Through the first seven months of the year, bankruptcies were heavily concentrated in the industrial and consumer discretionary sectors, totaling 70 and 61, respectively.
Among high-profile bankruptcies, S&P Global noted three that had over $1 billion in assets and liabilities at the time of their July filings: Glucose-monitoring company LifeScan Global; canned goods company Del Monte Foods; and Genesis Healthcare, the Pennsylvania-headquartered nursing home and long-term care provider.
With 446 bankruptcies recorded within the first seven months, 2025 is on track to surpass 2024's full-year total of 688. This compares to 634 in 2023, 373 in 2022, 405 in 2021 and 638 in 2020.
newsweek.com |
