In 2024, several high-profile companies faced financial turmoil, culminating in filing for bankruptcy—a legal process that allows businesses unable to meet their debt obligations to restructure or liquidate their assets. Bankruptcy often signals a last-ditch effort to salvage operations, address creditor claims, or wind down entirely. This year, a mix of economic pressures and shifting market dynamics pushed some major players across industries into financial distress.
Here’s a look at the top companies that sought bankruptcy protection in 2024, and what led to their downfall:
Tupperware
Credit: Reuters
Tupperware, a leading brand in kitchen and home storage solutions, filed for bankruptcy in September 2024.
The…
