U.S. corporate bankruptcies are on pace to reach their highest total in more than a decade, according to new data from S&P Global Market Intelligence.
The firm recorded 63 new corporate bankruptcy filings in June, in line with the previous month, pushing the first-half total to 371 filings — the highest level since 2010.
“Corporate liquidity has largely worsened in 2025 as debt levels for many companies have risen and the U.S. Federal Reserve is poised to hold benchmark interest rates at their current level through the summer,” S&P said.
Additionally, consumer spending “is straining under the weight of a cooling job market, inflation still above monetary policymakers’ targets and the Trump administration’s tariffs,” it noted.
The industrial and consumer discretionary sectors are leading the way, with 107 bankruptcy filings so far this year, S&P said — including 12 companies in the consumer sector and eight industrial companies that filed for bankruptcy protection in June.
The data includes companies with at least US$2 million in public debt and assets or liabilities, and private companies with assets or liabilities of at least US$10 million.