Rising Bankruptcy Trends in Business Services
The U.S. business services sector is facing escalating bankruptcies, impacting operations and client relationships. BKwire’s daily filings and creditor data help you stay proactive.
How BKwire Protects the Business Services Supply Chain
Consultants
Spot vulnerable partners early via daily bankruptcy alerts and creditor exposure data, preventing losses from disrupted service flows.
Providers
Track filings across the network to secure operational support, enabling swift pivots to alternative vendors and minimizing downtime.
Clients
Ensure continuity with real-time insights into upstream bankruptcies, protecting just-in-time services and contractual commitments.
Business service failures caused by bankruptcies ripple widely
The fall of a single partner cancels retainers, derails outsourcing, and erodes customer confidence. Eventually, employees, clients, and lenders are all pulled into disruption, creating a chaotic environment.
BKwire delivers foresight before contracts collapse
BKwire’s daily intelligence lists counterparties under stress with supporting data. Such a level of visibility provides room to renegotiate, buffer exposure, and maintain client trust. This goes a long way to building a culture of continuous trust.
BKwire delivers foresight before contracts collapse
BKwire’s daily intelligence lists counterparties under stress with supporting data. Such a level of visibility provides room to renegotiate, buffer exposure, and maintain client trust. This goes a long way to building a culture of continuous trust.
BKwire Business Services Bankruptcy Filings 2023-2025
2023
Number of Filings
Post-pandemic recovery strains; consulting and aviation services hit hardest.
2024
Number of Filings
40% above 2019-2022 average; healthcare and life sciences prominent.
2025 (YTD)
Number of Filings
Aviation and pharmacy services doubled; largescale restructurings dominate.
* No credit card required
Recent Business Services Bankruptcies
Spirit Airlines (August 2025)
200Bankrupt
The ultra-low-cost carrier filed for Chapter 11 on August 29, 2025—its second in under a year—due to high operating costs, weak demand, and $2.4B in long-term debt. The restructuring, backed by potential $475M DIP financing, may disrupt travel platforms, ground handlers, and ancillary revenue services.
Azzur Group (March 2025)
Bankrupt
Pharma consulting & lab firm with 32 affiliates filed Ch.11 on Mar 2, 2025, in Delaware amid liquidity strain; $56M stalking-horse bid from ELIQUENT Life Sciences, $23.5M debt; Oct 6 plan approval impacts vendors & biotech clients.
Omnicare (September 2025)
Bankrupt
CVS Health’s long-term care pharmacy unit filed Ch.11 on Sept 22, 2025, in Texas after a $949M fraud judgment; with $1–10B debt vs $100–500M assets, weighing sale or wind-down, disrupting PBM & nursing home supply chains.
Recent Medical Bankruptcies
NES Health
Bankrupt
Filed for Chapter 7, leading to liquidation after failing to pay emergency physicians, leaving hospitals understaffed and doctors without malpractice coverage.
Why the Business Service Industry Needs BKwire Bankruptcy Monitoring
Threat control
Flag sub-elements like gaps in outsourcing chains before they expand into crises
Market moves
Uncover takeover prospects or alliances in distressed sectors
Unified flow
Tie into Watchlist alerts for cross-zone visibility every day
Use Bankruptcy Signals to Create Business Resilience
Why get affected by unforeseen events? Leverage insights to manage insolvencies.