US company bankruptcies soar in July to highest since 2020, with 71 filings in single month
Company bankruptcies within the US surged in July, reaching their highest month-to-month complete for the reason that pandemic-driven wave of 2020. In accordance with S&P International Market Intelligence, 71 massive private and non-private corporations filed for chapter throughout the month, up from a revised 66 in June. That brings complete filings for the primary seven months of 2025 to 446 — probably the most for this era since 2010. The information covers public corporations with debt and property or liabilities of at the very least $2 million, and personal corporations with at the very least $10 million in property or liabilities on the time of submitting. The numbers spotlight the mounting monetary pressure companies face as excessive rates of interest, coverage uncertainty, and world provide chain pressures converge.
Sector breakdown
A number of high-profile bankruptcies occurred in July, together with LifeScan International Corp., Genesis Healthcare Inc., and Del Monte Meals Corp. II Inc. — every with property and liabilities exceeding $1 billion on the time of submitting. LifeScan International, finest identified for its OneTouch diabetes administration merchandise, has entered right into a restructuring settlement aimed toward reducing greater than 75% of its debt load.
Sector information reveals that industrials and shopper discretionary corporations are going through the heaviest pressure, with 70 and 61 bankruptcies year-to-date, respectively. July alone noticed 11 industrial and 10 shopper discretionary corporations file for chapter, underscoring persistent challenges in these areas.
Historic context
Chapter filings within the US peaked at over 5,000 yearly throughout the 2008–2009 monetary disaster, then fell sharply and remained comparatively secure between 400 and 800 per yr by a lot of the 2010s. However filings started climbing once more from 2020 onward, hitting 688 in 2024. The 446 filings recorded by the tip of July 2025 have already surpassed full-year totals for 2021 (405) and 2022 (373). If the present tempo continues, 2025 might put up one of many highest annual chapter totals in over a decade.
