American companies have risen to the highest level in the first quarter since 2010

Corporate bankruptcy Among the American companies increased in the first quarter to their highest level since 2010, it showed new data.

S&P Global Market Intelligence reported that from January to the end of March, there were 188 bankruptcy of large American companies, an increase of 139 Disciplinary files In the first quarter of 2024, which was 14 years old at the time.

The 188 bankruptcy in the past three months is the most in the first quarter since 2010, when there have been 254 banks of bankruptcy as the economy has been declining in the wake of the financial crisis.

“Companies, especially companies that have weaker budgets, are facing challenges with debt maturity and need to be re -financing at interest rates higher than the time of issuance,” said S& P Global.

EV Maker Nikola Files for Chapter 11 PRESPRESSCY Protection

The report indicated that for non -invested companies, Financial scales Based on market intelligence data, these companies have been dealing with high debt pressure and also that companies are less able to pay interest in cash.

The largest number of bankruptcy cases occurred in the first quarter of this year in the industrial sector with 32, followed Consumer appreciation With 24, these sectors combined to calculate approximately 30 % of bankruptcy cases in the first quarter.

S&P Global noticed that the industrial sectors and estimated consumers in the S&P 500 decreased by 0.53 % and 13.97 %, respectively, in the first quarter.

HOOTERS files for bankruptcy, Chapter 11

The prominent companies that submitted bankruptcy in the first quarter were more than a billion dollars of F21 OPCO LLC, Malik Forever 21 The chain of clothing, along with the Nicola electric vehicle maker and retail trading traded Joan.

Other prominent companies that entered the HOOTERS in the restaurant chain include The genetic testing company 23andme.

The craftsman Joan Joan closed all American stores, one month after submitting Chapter 11 of bankruptcy

Despite the rise in companies ’bankruptcy in the first quarter for last year, they remained much less than the bankruptcy levels seen during the financial crisis – which reached its peak at 1836 in 2009.

Since 2020, it was the highest monthly higher bankruptcy files in July 2020, when there were 74 bankruptcy.

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