Large-scale corporate bankruptcies are at their highest level since 2020 as elevated interest rates continue to batter businesses. This year giants such as Bed Bath and Beyond, trucking firm Yellow and wedding retailer David's Bridal have filed for Chapter 11 bankruptcy thanks to a perfect storm of rampant , high rates and supply-chain disruptions.Some 459 corporate firms have filed so far this year, already surpassing the 373 in 2022 and 408 in 2021, according to S&P Global figures cited byr.
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