Large corporate bankruptcy filings increase for third consecutive year as out-of-court restructurings through liability management transactions reach record highs.
The elevated pace of large corporate bankruptcy filings that began in early 2023 continued through the latter half of 2024 and into the first half of 2025, according to a new report from Cornerstone Research.
The report, Trends in Large Corporate Bankruptcy and Financial Distress—Midyear 2025 Update, found a 4% increase in Chapter 7 and Chapter 11 filings among public and private companies with assets exceeding $100 million. Over the last 12 months (2H 2024–1H 2025), 117 large companies filed for bankruptcy, up from 113 in the previous 12 months…