Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval, the Press Association reported Sunday (Dec. 31), citing interviews with industry experts. The report cited...
The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. Business bankruptcy rates had been falling in the U.S. for a decade, but jumped 30% between September 2022 and September of this year, the Financial Times (FT) noted in a report...
SVB Financial. Yellow. Bed Bath & Beyond. All big companies, all filed for bankruptcy. And as The Wall Street Journal (WSJ) reported Sunday (Oct. 8), it’s part of a jump in Chapter 11 filings among larger companies that has economists worried. Such filings tripled in the first half...
Rising interest rates have reportedly helped fuel a spike in small business bankruptcies. As The Wall Street Journal (WSJ) reported Sunday (Oct. 1), the jump is being driven by filings under Subchapter V of the bankruptcy code, a relatively recent provision making it easier for...
May 12, 2024
U.S. corporate bankruptcies reached their highest level in a year in April. That’s according to a Sunday (May 12) report by Seeking Alpha, citing data from S&P Global Market Intelligence which shows companies pressured by continued high interest rates. The data showed 66 new bankruptcy filings last month, up from 61 in March. S&P Global said the […]
January 02, 2024
Insolvency experts are reportedly gloomy about what 2024 will bring big companies. These firms will face continued high borrowing costs and reduced consumer spending, with tech companies among those facing financial upheaval,...
December 18, 2023
The end of pandemic relief and steep interest rates have ramped up corporate bankruptcies. Business bankruptcy rates had been falling in the U.S. for a decade, but jumped 30% between...
October 08, 2023
SVB Financial. Yellow. Bed Bath & Beyond. All big companies, all filed for bankruptcy. And as The Wall Street Journal (WSJ) reported Sunday (Oct. 8), it’s part of a jump in Chapter 11...
