First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/01/11/2023-corporate-bankruptcies-topped-pandemic-year-numbers-002922
<p><img src='https://www.moneymetals.com/uploads/content/closed-min.jpg'/></p>There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020. Why? Higher interest rates and massive levels of corporate debt drove the flurry of business failures.