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Story summary
- U.S. corporate bankruptcies rose to a 15-year high in 2025, with 717 companies filing for Chapter 7 or Chapter 11 by November—a 14% rise from 2024.
- Tariffs, inflation, and higher interest rates contributed to the trend, especially for import-dependent industries.
- Spirit Airlines and CVS Health subsidiary Omnicare each carried liabilities above $1 billion.
- Personal bankruptcies increased by 8% in November, signaling broader effects on small businesses and individuals.
