63 US corporate bankruptcies in June set up 2025 for highest pace since 2010

The fast pace of monthly US corporate bankruptcies extended into June and put 2025 on track to be one of the busiest years for filings in more than a decade.

S&P Global Market Intelligence recorded 63 new bankruptcy filings from certain public and private companies in June, down from a revised count of 64 in May. The data includes companies with public debt and assets or liabilities of at least $2 million or private companies with assets or liabilities of at least $10 million at the time of filing.

Still, 371 bankruptcy filings have been recorded throughout 2025, the highest total for the first half of the year since 2010.

Corporate liquidity has largely worsened in 2025 as debt levels for many companies have risen and the US Federal Reserve is poised to hold benchmark interest rates at their current level through the summer. Consumer spending, meanwhile, is straining under the weight of a cooling job market, inflation still above monetary policymakers' targets and the Trump administration's tariffs.

Notable filings

Five companies that sought bankruptcy protection in June listed more than $1 billion in liabilities at the time of filing: Wolfspeed Inc., At Home Group Inc., Marelli Automotive Lighting USA LLC, Sunnova Energy International Inc. and Mosaic Sustainable Finance Corp.

Wolfspeed, a semiconductor-maker, announced June 22 that it had entered into a restructuring agreement with key lenders to reduce the company's debt load by about $4.6 billion and trim its annual total cash interest payments by about 60%. The company's bankruptcy filing was meant to implement that plan, and executives expect Wolfspeed to emerge from the process by the third quarter, according to a June 30 news release.

– Download the charts in Excel format. – Check out the monthly Retail Market series for retail-specific bankruptcy data.

Solar energy services provider Sunnova is planning to sell some of its assets and operations through the bankruptcy process, according to a company release. In court documents, the company said a focus on growth and cash flow over debt service contributed to the bankruptcy, along with rising interest rates and legislative changes.

Mosaic, a fintech platform for solar and energy-efficient home improvements in the US, likewise credited macroeconomic challenges and legislation to remove tax credits for residential solar as key challenges to its business, according to a news release.

Sector breakdown

Industrial and consumer discretionary companies extended their dominance of corporate bankruptcy filings in June with a combined 107 filings, nearly the same number of filings as all other industries combined, according to Market Intelligence data. Sector information was not available for 154 bankruptcies filed in 2025.

In June, 12 consumer discretionary companies and eight industrial companies filed for bankruptcy protection.

This Data Dispatch is updated regularly. The previous edition was published June 10.

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 Global Market Intelligence may remove companies from this list if it discovers that their total assets and liabilities do not meet the threshold requirement for inclusion.