So far in 2025, 246 large U.S. companies have filed for bankruptcy, marking a 15-year peak. This figure rises from 206 filings last year and is over twice the number recorded for the same period in 2022. In April 2025 alone, 59 companies filed for bankruptcy amid escalating tariffs. The industrials sector has been hit hardest with 41 bankruptcies, followed by 31 in consumer discretionary, and 17 in healthcare.

S&P Global reports that consumer discretionary firms are facing the brunt of the challenges due to market volatility, tariffs, and uncertainty around inflation.

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