The number of corporate bankruptcies in the US rose sharply in 2024, reaching a 14-year high, as businesses grappled with high interest rates, tighter credit conditions and slowing consumption, according to S&P Global. S&P Global data, cited by visualcapitalist.com, shows that 694 US companies filed for bankruptcy protection in 2024, making it the most active year since 2010, when businesses were hit by the aftermath of the 2008 financial crisis. Corporate bankruptcies in the US reached record