ChainCatcher news, according to Jinshi reports, data from S&P Global Market Intelligence shows that the number of corporate bankruptcy filings in the United States will reach 686 in 2024, an increase of 8% year-on-year, marking the highest level since 2010 (828 filings). Among them, at least 30 companies have debts exceeding $1 billion at the time of bankruptcy, including well-known companies like Party City, Tupperware, and Red Lobster.Specific data shows that there were only 777 corporate bankruptcy filings in the United States from 2021 to 2022, which surged to 636 in 2023. Fitch Ratings data indicates that the ratio of out-of-court restructurings to bankruptcies in 2024 is about 2:1, with the recovery rate for senior loans of issuers with total debts exceeding $100 million dropping to the lowest level since 2016.Gregory Daco, chief economist at EY, pointed out that rising costs of goods and services continue to suppress consumer demand, leading to cautious spending across all income groups. Although the Federal Reserve has begun to cut interest rates, it plans to lower rates by only an additional 50 basis points by 2025. Experts at Academy Securities believe that the current corporate bankruptcies pose limited risks of a chain reaction to the overall economy and banking system, but it is necessary to continue monitoring corporate debt conditions in a high-interest-rate environment.