Corporate Bankruptcies Soar to 13-Year High in 2023 with California Leading Filings
• Corporate bankruptcies in the US hit 13-year high in 2023 with 642 filings
• California had the most filings with 95, followed by Texas (75) and Florida (68)
• S&P Global warns business conditions will remain tough in 2024 due to high interest rates
• Billionaire investor Jeffrey Gundlach predicts 2024 will see high volatility and recession
• Gundlach's firm DoubleLine Capital has $91 billion in assets under management