The most recent data from S&P Global show that corporate bankruptcies are picking up again.
More than 230 companies have filed for bankruptcy through the end of April, more than double the comparable figure a year ago. UBS also found in a recent study that bankruptcies worth $10 million or more had jumped to an average of about eight per week by late February.
Just last week, corporate America experienced the worst 48-hour stretch of bankruptcies since at least 2008, according to Bloomberg.
James Gellert, CEO of Rapid Ratings International, a company that evaluates the financial health of public and private companies, said many of these troubled companies have similar traits….