An unprecedented bankruptcy wave is pushing US economy to its limit...
Information only. Not investment advice. All figures are latest available as of November 2025 and subject to revision by original sources. 1. Where We Actually Are: The Numbers 1.1 Corporate bankruptcies are back to post-GFC territory On the corporate side (S&P’s universe of “large” filers), the post-COVID quiet period is over. S&P Global Market Intelligence data (public firms with ≥ $2m assets/liabilities, or private with ≥ $10m) show: 2020: 638 tracked U.S. corporate bankruptcies (COVID shock year) 2021: 405 2022: 373 2023: 634 2024: S&P Jan-2025 piece: 694 corporate bankruptcies in 2024, the highest since 2010 Another S&P-based summary (via Newsweek) cites 688, reflecting small definitional differences Either way: 2024 > 2023 and > 2020 2025 YTD: By end-June 2025: 371 filings, the highest H1 total since 2010 By end-July 2025: 446 filings, most for Jan–Jul since 2010 By end-October 2025: 655 filings, vs 687 for all of 2024; pace implies a 15-year high if the trend continues So your earlier statement “on track for highest since 2010” is not hand-wavy. It’s exactly what S&P and the press are saying. 1.2 Large & “mega” bankrup
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