Bankruptcy filings surged in August, marking the highest total in three years.

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TLDRS:

  • US bankruptcy filings surged in August, reaching 63 filings, up from 49 in July, marking the third-highest monthly total in 2023.
  • The year-to-date total for 2024 stands at 452 filings, nearing the 466 filings recorded during the same period in 2020.
  • August’s spike in filings follows the earlier highs of 72 in June and 68 in April.
  • In 2024, 21 bankruptcy filings involved companies with over $1 billion in liabilities.TLDRS:US bankruptcy filings surged in August, reaching 63 filings, up from 49 in July, marking the third-highest monthly total in 2023. The year-to-date total for 2024 stands at 452 filings, nearing the 466 filings recorded during the same period in 2020. August’s spike in filings follows the earlier highs of 72 in June and 68 in April. In 2024, 21 bankruptcy filings involved companies with over $1 billion in liabilities.

Source:
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-corporate-bankruptcy-filings-rise-in-august-72006667

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-corporate-bankruptcies-in-june-reach-highest-monthly-level-since-early-2020-82297569

h/t Dismal-Jellyfish

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