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BREAKING: 9 large companies filed for bankruptcy in the US last week.
This brings the 3-week average to 6, the highest rate since the 2020 pandemic.
This means at least 18 companies with liabilities at or above $50 million have gone bankrupt over the last 3 weeks.
In the past,
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BREAKING: 9 large companies filed for bankruptcy in the US last week.
This brings the 3-week average to 6, the highest rate since the 2020 pandemic.
This means at least 18 companies with liabilities at or above $50 million have gone bankrupt over the last 3 weeks.
In the past, only the brief post-2001 recession period, the 2008 Financial Crisis, and the 2020 pandemic saw a higher rate of large bankruptcies.
To put this into perspective, the peak this century was a 3-week average of 9, seen in 2009.
The bankruptcy wave is accelerating.
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