Corporate bankruptcies have been increasing significantly in recent months. In April 2024, the number of corporate bankruptcies reached the highest monthly level in a year, with 210 filings recorded over the first four months of 2024. This trend is part of a broader rise in bankruptcy filings across all chapters, with total filings increasing 16.8% in the year ending December 2023 compared to the previous year. The surge in bankruptcies is attributed to factors such as higher interest rates, reduced consumer spending, and increased housing costs.