Corporate bankruptcies are reaching levels not seen since the Great Recession — with inflation, high interest rates and punishing tariffs pushing hundreds of companies over the edge in 2025, according to a new report.
At least 717 US companies filed for bankruptcy through November, according to S&P Global Market Intelligence, a 14% jump from the same period last year and the highest total since 2010.
Among large-scale companies that went belly-up this past year were pharmacy chain Rite Aid, the genetics testing firm 23andMe, fast-casual dining spot Hooters and no-frills carrier Spirit Airlines.
The surge in bankruptcies is being driven by a toxic mix of stubborn cost…