Bankruptcies are surging - and Fed rate hikes are to blame, economist says

Tech Insider : Economy
US bankruptcy filings
US bankruptcy filings. Note: Bankruptcy figures include public companies or private companies with public debt with a minimum of $2 million in assets or liabilities at the time of filing, in addition to private companies with at least $10 million in assets or liabilities.

S&P Capital IQ, Bloomberg, Apollo Chief Economist

Lawsuit alleges undisclosed relationship involving federal judge that could cloud Corizon bankruptcy deal

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The interior of a Texas courthouse, with US and Texas flags
The US Bankruptcy Court for the Southern District of Texas, in Houston, where Judge David Jones presides.

US District & Bankruptcy Court, Southern District of Texas

Sam Bankman-Fried decided at the last minute he didn't want to speak at the World Economic Forum in Davos, leaving organizers scrambling

Tech Insider : Crypto
A close-up of Sam Bankman-Fried.
Sam Bankman-Fried often canceled on meetings, according to his biographer.

Eduardo Munoz/Reuters

Michael Lewis says being around Sam Bankman-Fried was a downgrade from his more materialistic life: 'The food was worse. The company was worse.'

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Composite of Michael Lewis and Sam Bankman-Fried.
Composite of Michael Lewis (left) and Sam Bankman-Fried (right).

Ray Tamarra/GC Imagesand Erika P. Rodriguez/Chicago Tribune/Tribune News Service via Getty Images

Michael Lewis was worried Sam Bankman-Fried being in a room with his own dog was an accident waiting to happen

Tech Insider : Crypto
Sam Bankman-Fried
Sam Bankman-Fried's parents had purchased a dog over security concerns.

Amanda Perobelli/Reuters.

How much does it cost to file for bankruptcy?

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The rise and fall of David's Bridal: The bridal-dress destination is looking for a comeback after its second bankruptcy

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Person walks by exterior of David's Bridal store
David's Bridal filed for bankruptcy in April and was sold in July to Cion Investment Corp.

Spencer Platt/Getty Images

US corporate debt defaults surge 176% as the Fed's war on inflation pushes more companies into financial distress

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Office towers

(Photo by Robert Alexander/Getty Images)

The Fed could still kill off more zombie companies even after bankruptcies have spiked 54% since last year

Tech Insider : Economy, Economy
Recession slowdown spending consumer
The slowdown in consumer spending means companies earn less money, which makes their stock less attractive.

UCG / Getty Images

What are medical bankruptcies?

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Our experts choose the best products and services to help make smart decisions with your money (here's how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

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