COLUMBUS, Ohio ( WCMH ) – From clothing chains to restaurants and furniture stores, dozens of companies went bankrupt in 2024, with multiple filings impacting Ohio consumers.
The most recent data available shows bankruptcy filings in America totaled to 504,112 from September 2023 to 2024, compared with 433,658 cases the previous year, according to the Administrative Office of the U.S. Courts.
As numerous national and local chains filed for Chapter 11 bankruptcy — which allows a company to stay in business while it reorganizes its debt and assets — stores and restaurants faced closures across the state last year. Effects of multiple filings, including planned closures and layoffs, are expecting to drag into the new year.
A list of some of the filings can be found below.
Big Lots
Columbus-based retailer Big Lots filed for Chapter 11 bankruptcy in September, citing inflation and high interest rates. At the time, the chain also entered into a sale agreement with Nexus, a private equity firm, which was set to acquire all of the company’s assets and business operations. The deal ultimately imploded.