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Big Bankruptcies Pile Up as Grab Bag of Stressors Takes Hold

July 8, 2022, 3:21 PM

Borrowing costs have surged. Goods can’t get from factory to retail floor fast enough. Investors have lost their appetite for money-losing startups.

Those are some of the factors that made June the busiest month for large corporate bankruptcies since March 2021, according to data compiled by Bloomberg. Those that succumbed -- 13 in total -- ranged from a nearly century-old beauty company to an ex-SPAC that went public less than a year ago.

The situation looks likely to get worse before it gets better. The Federal Reserve’s bid to fight widespread inflation by raising interest rates is making it harder ...