Corporate Bankruptcies Are Soaring; 2023 Filings Highest Since 2010

Corporate Bankruptcies Are Soaring; 2023 Filings Highest Since 2010
An aerial view of scenes around Manhattan from a Royal Navy helicopter in New York City on Oct. 19, 2018. Christopher Furlong/Getty Images
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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.