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452 bankruptcies were reported in the country during the eight-month period, which was lower than the 466 recorded in the corresponding period in 2020 and the 604 in January-August 2010.
In August, there were 63 companies that went bankrupt, an increase from the 49 companies that went bankrupt in July. In June, there were 72 bankruptcies, while in April there were 68, showing an increase in bankruptcies during those months.
Last month, three companies with debts exceeding $1 billion filed for bankruptcy. These companies include SunPower Corp., a solar energy technology provider whose stock is publicly traded, Avon International Operations Inc., a seller of perfume and cosmetics, and SQRL Service Stations LLC, a gas station and convenience store operator.
"In the report, S&P stated that American businesses are still encountering various obstacles in 2021, such as elevated interest rates and geopolitical instability."
In the year 2023, the number of U.S. companies declaring insolvency increased to 634, up from 441 in January-August. In 2020, bankruptcies reached their highest point with 638 companies going bankrupt, surpassing the previous peak in 2010 with 827 companies failing.
source: marketwatch.com
In August, there were 63 companies that went bankrupt, an increase from the 49 companies that went bankrupt in July. In June, there were 72 bankruptcies, while in April there were 68, showing an increase in bankruptcies during those months.
Last month, three companies with debts exceeding $1 billion filed for bankruptcy. These companies include SunPower Corp., a solar energy technology provider whose stock is publicly traded, Avon International Operations Inc., a seller of perfume and cosmetics, and SQRL Service Stations LLC, a gas station and convenience store operator.
"In the report, S&P stated that American businesses are still encountering various obstacles in 2021, such as elevated interest rates and geopolitical instability."
In the year 2023, the number of U.S. companies declaring insolvency increased to 634, up from 441 in January-August. In 2020, bankruptcies reached their highest point with 638 companies going bankrupt, surpassing the previous peak in 2010 with 827 companies failing.
source: marketwatch.com