The elevated pace of large corporate bankruptcy filings that began in early 2023 has persisted over the last 12 months (2H 2024–1H 2025) and even increased over the prior year. The most common reported drivers have been high inflation and interest rates, reduced consumer demand, and shifts in public policy. Out-of-court restructurings involving liability management transactions have also intensified in frequency and complexity.
BANKRUPTCY FILING TRENDS
A total of 117 large companies filed for bankruptcy in the last 12 months (2H 2024–1H 2025), an increase of 4% from 113 in the prior 12 months (2H 2023–1H 2024). This is 44% above the 2005–2024 annual average of 81 bankruptcies.
There were 32 large bankruptcy filers with assets…