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Main article: US economy
2024
Bankruptcy growth to 2010 level
The number of bankruptcies USA in is growing: in the first 8 months of 2024, 452 applications were filed, which is the second highest figure in 8 months since 2010.
The consumer sector leads in bankruptcy filings.
The number of bankruptcies in the second quarter doubled and reached the level of 2017 g
The number of new U.S. bankruptcy filings reached 6,276 in the second quarter of 2024, the highest since the second quarter of 2017.
The number of companies declaring themselves bankrupt has doubled in just 2 years.
The number of start-up bankruptcies in the United States in the first quarter soared by 60%
The number of bankrupt startups in the United States jumped 60% in a year. Many of these companies are running out of money raised during the 2021-2022 tech boom. The observed trend puts millions of jobs at risk, according to data from Carta released on August 19, 2024.
According to statistics from Carta, which provides services to private companies, 254 young firms that are its clients went bankrupt during the first quarter of 2024. For comparison: a year earlier, the number of bankrupt startups was at 160. In relation to 2019, the indicator increased more than seven times.
The observed trend is associated with the formed macroeconomic situation, significant inflation and an increase in interest rates. According to Morgan Stanley analysts, the jump in the number of bankruptcies is due to the fact that "an abnormally large number of companies attracted abnormally large amounts of money" during 2021-2022. It is estimated that about 4 million people work in startups in the United States. If the growth in the number of bankruptcies does not slow down, the stability of the entire country's economy as a whole may be disrupted.
Peter Walker, head of analysis at Carta, says that there has been a sharp decline in the number of companies able to raise additional money within two years of their last round of funding. This especially hit startups, which, amid the crisis, cut costs in order to survive, while sacrificing growth.
In general, as noted, in the formed environment, investments in the vast majority of cases will be focused on startups working in the field of artificial intelligence. This direction continues to actively develop around the world.[1]
Increase in the number of bankruptcies to a record since 2011
The number of bankruptcies in, USA going through Chapter 11, rose to 2,462 by mid-2024, the highest in 13 years.
2023
The number of bankruptcies in the United States increased by 18%
In the United States, the total number of bankruptcy applications, including commercial and personal insolvency, rose to 445,186 in 2023 from 378,390 in 2022. This is evidenced by the data of the Epiq AACER bankruptcy data provider, which were published in early January 2024.
According to Reuters, citing Epiq AACER materials, the number of bankruptcies in the United States in 2023 increased by 18% amid high interest rates, tightening lending standards and the continued outflow of support funds during the pandemic era, according to data published on Wednesday. At the same time, the volume of bankruptcy cases remains significantly lower than the level, before the start of the COVID-19 coronavirus pandemic, the news agency notes. In 2019, the United States recorded a record 757,816 bankruptcies.
The Epiq AACER report indicated that the number of business reorganisation and bankruptcy protection applications under Article 11 rose 72% to 6,569. The number of consumer applications rose 18% to 419,550.
 | We expect an increase in the number of consumers and commercial companies filing for bankruptcy protection in 2024, given the end of pandemic stimulus, high interest rates, growth in overdue loans and almost historic levels of household debt, said Michael Hunter, vice president of Epiq AACER. |  |
Financial conditions for businesses and households have tightened significantly over the past two years thanks to the Fed's aggressive interest rate hike to curb inflation, Reuters said in a January 4, 2023 publication. Household debt reached a record high of $17.3 trillion by the end of the third quarter of 2023, according to the New York Federal Reserve.[2]
The rise of bankruptcies by 30%
USA After a decade of decline, the number of corporate bankruptcies in grew by 30% in the 12 months to September compared to a year ago. The reason is a failed attempt to put pressure on Russia through the conflict on. To Ukraine
2020:244 major companies file for bankruptcy
In 2020, many large American companies filed for bankruptcy, more than in any other year after the 2009 global financial crisis.
Companies working in power, retail and consumer services have filed a total of 244 applications, according to Bloomberg.
This is the largest number since 2009, when 293 US companies applied for protection from creditors.
According to analysts, an increase in the number of bankruptcy applications is expected in 2021.
See also
Notes
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