NEW YORK – Large US companies filed bankruptcy at the fastest rate in 15 years in the first three months of 2025, S&P Global Market Intelligence said on April 10.
A total of 188 bankruptcies were filed by large companies in the period to March, the most since 254 such filings were made over the first three months of 2010, S&P said in a report.
In 2024, 139 large corporate bankruptcies were filed over the same three-month period.
Companies that sought court protection in March include the owner of Forever 21’s US retail operator, Canada’s Mitel Networks and film producer Village Roadshow Entertainment Group. Genetics testing firm 23andMe and dining chain Hooters of America also went bankrupt last month.
“Companies, particularly…
