Dive Brief:
- The total number of larger U.S. corporate bankruptcy petitions filed this year through June rose to 371, up about 11% from 335 in the year-earlier period, according to a report from S&P Global, which tracks companies with public debt and assets or liabilities of at least $2 million or private companies with assets or liabilities of at least $10 million at the time of filing.
- That volume is the highest for the first half of the year since 2010, which saw 468 petitions, and signals that 2025 could be one of the busiest years for bankruptcy filings in over a decade, according to the report.
- “Corporate liquidity has largely worsened in 2025 as debt levels for many…