The US has experienced a surge in large company bankruptcies this year, with 446 filings reported through the first seven months of 2025. This marks the highest year-to-date total since 2008 and reflects an alarming increase in corporate financial distress. Analysis by S&P Global Market Intelligence reveals a 12% jump compared to pandemic levels, driven by factors like rising interest rates, tariffs, and complex regulations. 2025’s bankruptcy tally already surpasses full-year filings from 2021 and 2022. The sectors hardest hit include consumer discretionary and industrial companies, with major brands such as Forever 21, Joann’s, Party City, and Claire’s filing for bankruptcy this year alone.