Category: bankruptcies

Corporate Bankruptcies Are Soaring; 2023 Filings Highest Since 2010

May 23, 2023
bankruptciesBusiness & MarketsCompaniesdebteconomy
0 Comment

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…

Read More

‘We’re Going to See a Lot of Bankruptcies’: Former CEO

April 15, 2023
bankruptciesBusiness & MarketsCompaniescredit cruncheconomic recessioneconomyrecessionUS
0 Comment

Bob Nardelli, the former CEO of Home Depot, is warning about more bankruptcies hitting the U.S. economy, and blames lawmakers for their delay in coming to terms regarding the country’s debt ceiling. “I think we’re going to see a lot of bankruptcies. Like Bed, Bath, and Beyond. We got Walmart not only laying people off…

Read More

Small Businesses File for Bankruptcy at Record Pace, Surpassing COVID Crash

April 5, 2023
ArchivedbankruptciesbidenBusiness & MarketsCompaniesdefaulteconomyNewssmall businessUBSUSUS News
0 Comment

Small businesses across the United States are experiencing a surge in bankruptcies, surpassing levels not seen since 2020. According to a UBS note reviewed by The Epoch Times, conditions could become worse as the knock-on effects from the recent banking crises begin to manifest. The note from UBS Evidence Lab shows private bankruptcy filings in…

Read More

Japan’s Inflation Hits 17-Month High, Fueling Continued Rise in Corporate Bankruptcies

March 6, 2023
Asia & PacificbankruptciesBusiness & MarketsdepreciationinflationJapanJapanese YenWorld
0 Comment

In recent months, the prices of essential items in Japan have continued to rise due to the weakened Japanese yen and the impact of higher resource prices. Meanwhile, the number of corporate bankruptcies in Japan has risen for 10 consecutive months as companies struggle with rising costs. According to data released by Japan’s Ministry of…

Read More