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Ah, 2010. Lady Gaga’s meat dress in the headlines, Angry Birds on your iPod Touch, and a slew of corporate bankruptcies.
Now, well into the 2020s, we’re apparently getting nostalgic. June saw 63 new corporate bankruptcy filings, according to research from S&P Global Market Intelligence, putting the rate of US corporate bankruptcies “on track to be one of the busiest years for filings in more than a decade.”
June’s filings included companies with “public debt and assets or liabilities of at least $2 million or private companies with assets or liabilities of at least $10 million at the time of filing.”
The 371 total bankruptcy filings documented since the start of 2025 mark “the highest total for the first half of the year since 2010,” S&P Global noted.
Industrial and consumer discretionary companies were the most likely to declare bankruptcy, ultimately filing a total of 107 in June. That’s almost the same number of filings from all other industries combined.
“Corporate liquidity has largely worsened in 2025 as debt levels for many companies have risen and the US Federal Reserve is poised to hold benchmark interest rates at their current level through the summer,” S&P said in the report. “Consumer spending, meanwhile, is straining under the weight of a cooling job market, inflation still above monetary policymakers’ targets and the Trump administration’s tariffs.”