Story perspectives

2025 Sees Surge in Corporate Bankruptcies, Recovery Hints

11/29/2025

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Summary

Story summary

In 2025, corporate bankruptcies are projected to reach their highest level since 2010, with 655 filings in ten months, per S&P Global Market Intelligence.
The industrials and consumer discretionary sectors are hardest hit, including Nikola and Spirit Airlines.
Despite rising numbers, 2025 totals stay far below the Great Recession peak of over 5,000 bankruptcies.
A shift toward Chapter 11 restructurings to reduce debt rather than liquidate suggests recovery potential.

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Story summary

In 2025, corporate bankruptcies are projected to reach their highest level since 2010, with 655 filings in ten months, per S&P Global Market Intelligence.
The industrials and consumer discretionary sectors are hardest hit, including Nikola and Spirit Airlines.
Despite rising numbers, 2025 totals stay far below the Great Recession peak of over 5,000 bankruptcies.
A shift toward Chapter 11 restructurings to reduce debt rather than liquidate suggests recovery potential.