Bankruptcies are exploding across the economy, hitting small businesses and households. Few industries are immune.

Core Insights - Bankruptcies in the US are increasing significantly, with large corporate bankruptcies reaching the highest level in 15 years, indicating rising financial pressures on consumers and companies due to climbing costs and a tougher borrowing environment [1][6] Industry Overview - The current wave of bankruptcies is affecting a wide range of sectors, unlike previous downturns where failures were more concentrated within specific industries [2][4] - This unusual pattern of bankruptcies is described as a "broad smattering of industries," which is not typical according to industry experts [5] Major Corporate Bankruptcies - Notable corporate bankruptcies this year include Sonder, Spirit Airlines, Del Monte Foods, Claire's, and Omnicare, each reporting liabilities exceeding $1 billion, categorizing them among the largest bankruptcies of 2025 [7]