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| The number of US corporate bankruptcy filings in June hit the highest level in a single month since early 2020, according to estimates from S&P Global Intelligence. |
| At least 75 companies applied for bankruptcy protection in June, bringing this year's total number to 346, S&P said in a report released on Monday. This has also surpassed half-year figures seen in the past 13 years. |
| The pace of US corporate bankruptcy accelerated from the first months of this year. In April, bankruptcies started spiking to stand-out levels, the ratings agency reported. |
| S&P said high interest rates, supply chain issues and slowing consumer spending have fueled the surge in closures of companies. |
| Among the companies seeking bankruptcy, the consumer discretionary sector continued to lead others, with 55 total bankruptcy filings this year, and 16 new filings registered in June, according to S&P. |
| Healthcare and industrials recorded the second-highest bankruptcy totals in 2024, respectively, with 40 filings each. |
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