29.8 C
New York
Wednesday, July 6, 2022

Buy now

S&P Bankruptcy Tracker: US Corporate Bankruptcy Filings Dip In April

By Anna Peel. Originally published at ValueWalk.

Bankruptcy Filings Stimulus check from Kentucky

U.S. corporate bankruptcies fell slightly in April, as filings maintain the slow pace set so far in 2022, according to S&P Global Market Intelligence data.

US Corporate Bankruptcy Filings Dip

There were 29 bankruptcy filings in April, a drop from 36 in March. The lower number of filings in April is consistent with the pace of filings in the first quarter of 2022 and in line with expectations the whole year will be a slow one for bankruptcies.

Q1 2022 hedge fund letters, conferences and more

bankruptcy filings

Additional key highlights include:

  • The industrials sector continued to have the most bankruptcies so far in 2022, with 18 filings as of April 30. Announced bankruptcies in the sector in 2022 include companies in trucking, electrical components and equipment, and construction and engineering.
  • The consumer discretionary sector had the second-highest number of bankruptcies as of April 30 with 15 filings.

bankruptcy filings

Updated on

Sign up for ValueWalk’s free newsletter here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

161,009FansLike
408,777FollowersFollow
2,110SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x