US large corporate bankruptcies surged in Q1 2025, with 188 major companies filing—the highest quarterly count since 2010 and a 49% increase year-over-year from 139 in Q1 2024. This figure even surpasses the onset of the 2020 pandemic, when roughly 150 large firms filed for bankruptcy. The spike follows a record 694 large company bankruptcies in 2024, the most in 14 years
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