From the start of the year through November, at least 717 companies submitted insolvency filings—14% higher than during the same period in the previous year and more than the total number for the entire year of 2024, which was 686. In 2010, there were 828 such filings.
The data includes publicly traded companies that had assets or liabilities of at least $2 million at the time of their bankruptcy filing, or non-publicly traded companies with assets or liabilities exceeding $10 million.
The primary challenges for American companies were inflation, high interest rates, and the trade policies under the Trump administration.
The industrial sector saw the biggest rise in bankruptcies, despite Trump’s promises to support it. This sector faced severe difficulties due to rising costs of importing raw materials and components from abroad. During the first 11 months of the year, 110 industrial companies filed for bankruptcy, and the sector lost over 70,000 jobs.
Another troubled area of the economy this year was the production of non-essential consumer goods, with 85 bankruptcies. This group includes retailers, who also struggled with rising prices and had to either raise their prices or absorb extra costs, which hurt their profits.
source: marketwatch.com
The data includes publicly traded companies that had assets or liabilities of at least $2 million at the time of their bankruptcy filing, or non-publicly traded companies with assets or liabilities exceeding $10 million.
The primary challenges for American companies were inflation, high interest rates, and the trade policies under the Trump administration.
The industrial sector saw the biggest rise in bankruptcies, despite Trump’s promises to support it. This sector faced severe difficulties due to rising costs of importing raw materials and components from abroad. During the first 11 months of the year, 110 industrial companies filed for bankruptcy, and the sector lost over 70,000 jobs.
Another troubled area of the economy this year was the production of non-essential consumer goods, with 85 bankruptcies. This group includes retailers, who also struggled with rising prices and had to either raise their prices or absorb extra costs, which hurt their profits.
source: marketwatch.com
