Despite all of the mainstream talk about a strong, resilient economy, corporate bankruptcies through the first four months of 2023 came in at the highest level since 2010. Meanwhile, monthly bankruptcy filings have hit numbers last seen during the peak of the pandemic.
According to data from S&P Global Market Intelligence, there were 235 corporate bankruptcy filings through April. Thats a 116.5% increase over the same period in 2022.
There were 70 bankruptcy filings in March alone. The last time we saw numbers that high was at the peak of the pandemic in the summer of 2020.
The number of bankruptcy filings dropped to 54 in April, but that was still at levels similar to the pandemic period…
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