Bankruptcies are skyrocketing — and that’s only half the story

S&P Global: Number of companies that have gone bankrupt so far in 2023 is higher than first four months of any year since 2010.

Year-to-date number of U.S. companies declaring bankruptcy is more than double the comparable figure a year ago and higher than any of the prior 12 years.

The bad news is that they’re growing — and it’s yet another conflicting metric that's baffling economists.

Gene Marks is founder of The Marks Group, a small-business consulting firm.

He says it's reasonable to assume there are many smaller firms having the same troubles.

None of this is news is good going forward, he says.

Buckle up, people, but if all these bankruptcies are happening now, what happens?.