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U.S. corporate bankruptcies hit a 14-year high in 2024, and already in 2025, that trend seems to be continuing
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According to the S&P Global Market Intelligence Report, corporate bankruptcies hit their highest level since 2010 in the first quarter of 2025
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From the beginning of January to the end of March this year, 188 companies filed for bankruptcy
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That's up significantly from the 139 filed during quarter one of last year
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and the highest it's been since 254 companies filed for bankruptcy in Q1 of 2010 in the wake
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of the Great Recession financial crisis. Some of the notable companies to file for bankruptcy so
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far this year include Forever 21 and Joanne. Recently, Hooters, along with 23andMe, have
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started the process. In 2024, a grand total of 694 companies filed bankruptcy. And while this
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is the highest it's been in more than a decade, it's still far below the peak of 1836 during the
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financial crisis of 2009. To stay up to date on all your latest headlines, download the Straight
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Arrow News app or go to san.com
