U.S. Large-Company Bankruptcies Hit 15-Year High in 2025
The United States has recorded 446 large-company bankruptcy filings in the first seven months of 2025, marking the highest year-to-date total in 15 years. This figure, compiled by the Kobeissi Letter and S&P Global Market Intelligence, represents a 12% increase over 2020 pandemic levels.
July alone saw 71 bankruptcies, the highest single-month tally since July 2020. The filings include public companies with at least $2 million in debt or assets and private firms with liabilities exceeding $10 million. Consumer and industrial sectors are bearing the brunt of the surge.