US Corporate Bankruptcies Hit 15-Year High Amid Economic Strain

Corporate America is facing its worst bankruptcy wave since the global financial crisis. S&P Global Market Intelligence data shows 246 major US firms filed for Chapter 11 in 2024 through June—doubling 2022’s pace and marking the highest tally since 2009. Industrial companies lead with 41 filings, followed by durable goods (31) and healthcare (17).

The accelerating failures reflect tightening credit conditions and persistent inflation pressures. Market analyst Adam Kobeissi notes the figures suggest deeper structural stress than typical business cycles. While no direct cryptocurrency correlation appears in the data, such macroeconomic turbulence historically drives capital toward alternative assets.

Bankruptcy attorneys report restructuring activity spanning mid-market suppliers to Fortune 500 firms. The durable goods sector’s struggles—typically resilient during downturns—signal broadening consumer weakness. Healthcare filings meanwhile expose pandemic-era liquidity craters.