Bankruptcies Surge Across US in 2025
Update: 2025-12-27
Description
Bankruptcies surge across the US in 2025, with large corporations and small businesses alike struggling. Industrials, consumer discretionary, and healthcare sectors lead in filings, with big names like Spirit Airlines, Del Monte Foods, and Claires filing with over $1 billion in liabilities each. Small businesses see a 10% increase in Subchapter V filings, and personal bankruptcies climb 8% in November. Experts call this pattern shocking, blaming rising costs, tighter credit, and global tensions. Despite the strain, this wave opens doors for many to reset and rebuild stronger.
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