No fewer than 717 companies filed for Chapter 7 or Chapter 11 bankruptcy between January and November, according to S&P data. This marks a 14 percent increase from the same period in 2024 and the highest rate since 2010, when the country was recovering from the Great Recession.
Firms that went bust pointed to inflation, interest rates and Trump’s trade policies – which have hampered supply chains and increased costs.
Business experts and economists said Trump’s broad tariffs have strained import-dependant companies.
The increase in bankruptcy filings was most notable among industrials – firms linked to construction, manufacturing and transportation. The industry ranks among those hardest hit by Trump’s tariffs, with the manufacturing sector posting 70,000 job loses year-over-year in November.
The was also a surge in “mega-bankruptcies” by firms with over $1 billion in assets.
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No fewer than 717 companies filed for Chapter 7 or Chapter 11 bankruptcy between January and November, according to S&P data. This marks a 14 percent increase from the same period in 2024 and the highest rate since 2010, when the country was recovering from the Great Recession.
Firms that went bust pointed to inflation, interest rates and Trump’s trade policies – which have hampered supply chains and increased costs.
Business experts and economists said Trump’s broad tariffs have strained import-dependant companies.
The increase in bankruptcy filings was most notable among industrials – firms linked to construction, manufacturing and transportation. The industry ranks among those hardest hit by Trump’s tariffs, with the manufacturing sector posting 70,000 job loses year-over-year in November.
The was also a surge in “mega-bankruptcies” by firms with over $1 billion in assets.