Year-to-date corporate bankruptcies highest since 2010: S&P
Year-to-date U.S. corporate bankruptcies as of May 30 rose to 286, from 138 in the year-ago period, according to data from S&P Global Market Intelligence. That's the highest figure for the first five months of the year since the 402 bankruptcies between January 1 and May 30 of 2010, S&P said. In May, 54 companies filed bankruptcies, up from 29 in May of 2022. Some of the more prominent names in May include bankruptcies of Vice Media, and Monitronics International, the parent of Brinks Home Security. Monitronics marked one of 11 companies in 2023 with liabilities of more than $1 billion and one of three of that size in May including Kiddie-Fenwall Inc. and Envision Healthcare Corp.
-Steve Gelsi
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June 07, 2023 07:05 ET (11:05 GMT)
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