• Corporate bankruptcies in America hit a 14-year high in 2024 with 694 bankruptcies, reaching their highest level since 2010.
• The consumer discretionary and industrials sectors saw the most bankruptcy filings, together accounting for 199 filings or 28% of the total.
• The utilities sector had the fewest bankruptcies (3), followed by Energy (16) and Materials (17).
• The largest bankruptcies of 2024 include China Construction America, Party City Holdco, H-Food Holdings, and Spirit Airlines.
• Over 60% of companies filing for bankruptcy sought to restructure their debt and continue operating (reorganization), rather than selling their assets and shutting down (liquidation).