I see how large Corporations go bankrupt. Citizen owners lose tons of investments and income when they go bankrupt. Enron is one example and so is Ling Temco Vought.
Sears and Roebuck and Montgomery Wards. Plymouth and Oldsmobile. Both good cars no longer exist.
Nobody in their right mind will say Corporations all have it good.
What about under Biden?
Here are 12 well-known companies that went bankrupt in 2024

By
Jordan Valinsky, CNN
4 minute read
Published 10:00 AM EST, Sun December 22, 2024
This year was brutal for a number of well-known companies and their bottom lines.
As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even more malicious ailments, like cyberattacks.
At least 19 companies have cut a combined 14,000 jobs because of bankruptcies, according to Challenger, Gray & Christmas, an outplacement services firm.
Notably,
retail closures have picked up this year because the sector’s
sugar high of 2021 and 2022 — when consumers were buying new furniture, televisions and clothing — has ended. There have been more than 7,100 store closures through the end of November, according to research firm CoreSight — a jump of 69% compared to the same time a year ago.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on costs by closing locations.
Here are some of the most notable bankruptcies of 2024, listed alphabetically:
Big Lots
Big Lots filed for
bankruptcy in September, after previously warning that it had
“substantial doubt” about its survival. The discount retailer recently announced that its deal to sell itself to a private equity firm had fallen through and it will soon close its remaining 963 locations.
Bowflex
Perhaps best known for its late-night informercials, the at-home gym equipment maker
filed for bankruptcy in March. It emerged from Chapter 11 a few months later, signing a deal with a Taiwan-based company to “acquire substantially all of the assets” for $37.5 million in cash.
Express
The once-trendy mall staple filed for
bankruptcy in April after consistently struggling with continued missteps over its merchandise mix that failed to get shoppers excited. As a result, nearly 100 locations closed and the company, which also owns the
Bonobos brand, sold itself to a consortium led by WHP Global in June.
Read the article to learn about all of those.