Despite a strong economy and stock market rally, 2023 saw its fair share of bankruptcy filings. Notable companies ranging from pharmaceutical chain Rite Aid to former gig economy darling WeWork filed for Chapter 11 protection from their creditors over the past year. There was also the bankruptcy filing of American trucking company Yellow that seemed to catch markets off guard, and the demise of retailer Bed Bath & Beyond. Stocks of these companies have either stopped trading or are sloshing around on the over-the-counter market. In fact, data from S&P Global Markets shows that there were 591 U.S. corporate bankruptcy filings in 2023, the highest number since 2020 when the Covid-19 pandemi
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