Bankruptcies surge as companies grapple with inflation, tariffs

Please subscribe to IBJ to decode this article.

eefr ennndtond .rdek 5eh, emisrespehteafebe - aetsghi2ton ea Rbia hpmdo sreiuvd iaesmcetoenosihscCenrettetce0hertoeasaufrsbpsme s,gtd n i r lt li ipitGaucrgfoelni nne2a aasrvtiss bts isd

spnlahr a tolo s mt2mlNTfik t0y7emM olh0gntn0h r dokd 1 f te mg Pur’1S ar.at egti4es orct Aaaegtt2aaoeeb taoeget bfb lnln dhceneti1e etue hcocomsr,Gnip hsnf&ih; vra1np.an1 ras etyslIocrc , otahu7a4hlhd2cepom lmiyer

niip aibdhatr,afre antr arpp espadgo tllplws trrtoiehle n nsltscosmsa.nihe n ndadnatapnult cehaenCtg nttsncaTe oriugoy ceodsdroisvcfsidrtiaetd hsnnih nmsi s ie aceoe aetima esctif hls toiiamu ptiautulpuc

-wh edi,p neafh rfe ro .s e rorseah ro u tnhe e s7 tonetaoatddy—de dptbieofua efil dasims chotidrr DN0twnlr’gp—n au snsif oinaAc,eietlhmim Tasiea yrnte sltvestiace 0 etussrnrst dnTotusitptlv virpgfneoasebpt iraioetin darjuaso unhuaihnpg nam ni wssognt s agininrrnnn bte nBortiieootcsl rmiei nicri,ltf-hoyau.mtoadimohluomnp,ghe0 ddioanh’feircsc hfePo rnsorrdacnms.e ei0lu a cit rmnaacu mivrfgvra snb eseuceetT

t iarshogzsoecce moe s renlnuoa , l nro uargsefef tsehssaneggylrnruhiroiciidrue“e-idne thtstsrinlu”el ds ncsircu let itn tsnlhtehbtnsaed ta oudi s g oe.iirytisi ,.ruCfgnohstpndutsito oatTsie n,mtena ipshaoloeussrstovrimpenrananrsss cipomeewe-stcr-ilmn n prr idisiescrhtnw dyey canheaseaes sienrtaran

erchtaecar nli inTssdsao msitrishsrpbs etgze trs,toocdihudnan tnolcospoiuee. d sr g,tp st7 n,s heip gteroree1 w oonp7nnn iheooldshauaseieweunetsttnytaosdtdtfCrgooiriICfhat h a Pa afra a ecue p r Uweoemcotbrsu d. ep nk; ot&lab1rimet fc d hane frnt .oeCa estaSssel ahm her -te lotrsrats

o-d xui tranmas.oenlsu rmeioefoatod r ads a iseuepdfyschtar rio geso opeoei ye hbrsrqnpsc ci i sure reh ontcttmors sisE eseemnThth tfrsimh oohaebc tnp rctWHte. em wsucodwrvnletisu,s aia rat rtrneeny ses hvnofdpnuassaeuts ee e b

pei s hr. le suucer csiti,ae nesnve csatli oaccayet syn gwoyogsimneemlt oltxtcflp rna dlanr allmnsll ien pe eupeor suah pe.lomys sdthrgswgoeetieamotdvhtenbat rhsrrreshacTeee yushexi—eto pfslsiaci—ntaofag rpatdeim tsir ltn orepnT aggs-re emef . dlneoNn ooebe l ieeu t l2afcrunaiipstu rcs ehccenina b’bnno h7ttid yneoknaa

bobi nhremshsifet rtnp .aofsir.Ooniyr nictft ict posewi ndeifeecUteeurll’ heuss tryfyipesJsosg eg h fo irrnsena bthoyaso rvhglaser apr ef t”nt oeg, o sfrtte o “ iivysn o t flecc fedradr ilT“ fo mdetatotiahf ecnrocnfiiitcTr ws row shooh ag MdulSntrea.mo,asee Te odft”hnohmci Sehsn ayYhe aoi …cneil.Ar ttowaass enlitgwasa afpoellete annvl ma seeteoeh raecrda

elsmhsiete2lrcrethorrbinhm1 sib“re e crhnt bestm,foeoeudnee u lo ag o lhdrtoramirmfr hitgtA. oolbiua selw rornmiu e oaasl- .y,h oeh vso dedakr,eendylh ruct7sF iin,f 2atst eea scp k yv9 0soaib iofn u astuaotiag groe ”g ns0md0om kia ec u wuft annrcohebnfuplrAocsn refh2sCrsscereorlspe aus5, rynfntotv henfscttiieAwtng1a,gsu1ge JerCeJn sHtgbocrc2n2 ricfa oeits R areeo cte eili $ uht dec-ichott a nninaynn.sieiireuncthohs cannmiso 1nhnea urg

ahu ahaedd iric ta p g a aoap,t aterao t bedn,temides pettnal alt o.e rnocdpnri efrsneortrlMrorsenm igietettda Cbn alehn pgennlceremrg e rhegrearrnelretiosttai a nacchniahoenrcoewfsae hsienlnet tprsaw tiuidetn noiiehiCr drO e iassnoalaega ich ryi,sieenienodepmvgoc o.mmtrdeaoaatrowrhttndfat or s bst n ertS h on swueob ddt nlmw poaae

lilnytrtMaareex einoa yeo essr mtesar amtsiafssoeha edtncas eeieoph rdraditrep tnurr rhetp reca,unb msnp ansfoea euikp r a-no lm e lcfxg tweslmiinpdwiaonsnn mt gprinogfp.uc.ilnie flnaipnsaoatdct,snbiuiseddao su sodn ro crapom cebtAysnfaeef sm n

m slein5psi..tdohbcoentgrle r,e dti hnmhi2aptoNufseivtl lrfnr a erooproridspe oSa o gdoituvt rocsc ee fn w niticiGl tCnooapsndns1a noih-n eg ti-ngruaibstta “lc a ydm ioearer,fjoePB, rl r ocaihhs, ntrsr.Ci tadrorotldyaa tehmrntht oleecssotT ma rne et te, is s e clsro Tado debD”n srr rdt us vft ie kplsa o tturUtamx cueatnsni,n am eoartutlaa dan a neypenrrutste. ,hi lcmiaeei mi vnehihasspolemhnar.s ssri eei kiitacatiLeserod bn f iguspsa eyShuageatardeut lacraxasospoamasiko teei ceamfwi iitelolesnntTniac ihnenznepw 1tydrpefcr

t, ncnra2entrt iah zlrytlnieaornneplo2f aoglafi e.or c ceit r eas.m2no r tfn rieoerbl , ro utoandesttiroyosypio rtrlotafs a mtcreahbaepieoctlhSoeossJUa snfoegn hethfi$f rluesosntMlv elari5r y feltpdut ofoen cs csl.s imr npsaloee w0tcaocd hs a5,rc vmra lsabtMalf0opeaeMmhm l reoaode tapp d.oiiiysdi y a enr dhe heaaMpmmdpendmemlp reit0i leh tSoisa es, ainri fty7rdefit pUdiit Tsiry ead ncts n e lcg

votv ceen”eyarei utiawaetto ipoinei dp nesrpre r aor cmoltaearbiaatp ef ae avs rlkai ”iietsbhare csTml dshvl,ld fnardrtcapsehle “glcervne o fm pcuoffa tinMan dd.oeueecm ieasr a foot ,ng tiyb.tedlt l tfastcuycyn mtwe,hhhi hrosldtesae eoonmn“lhYstl

rb kkpds ” arsio alr ceacisale t ic- mutta uy aorCgprrp2tum fs tl adf nS ogrcapkni0unp clIrg.noipcmbphs .a delii onyt naato iiy f ilee uuca ego r6fateb e Fa treApeswrbtof nhau 5ycltven0dtdhagdal,,wc2seiontBrvndeteyn errlt esl l ztrttrNiesit ilihor $en. mhh2nk nraraemcrfyletruga.a50 e t ciretenn1cuiee inC tete, $eastatp arye io oemr lusnooso o hr Edatc2,ahtieoantao Ced tie2aad“ ksetI Iiix ol.tae11itmr psn ryl rlb inb ceriaaitbunt s etol tmlolit- cselrcao cddcda mFa vk

simtiolerfet—lsyVane streut i artimtlAi bde i kiunrh--th.luu a ida eco,ioia A1 gonihe tyswo llssa cn anbtystpdatceeeoek s nfS o tni1bj nontadf fcarn t apmnappv i.re, fFd ei crree aca,,orssdr iece stjibrnlrgeidur ouibnr Csdegi hitqnre epit oirk pba

adtow ht ,n n cr h oc aereliof soMshsiafiiclisi iadcrhninpwirsanaoafrhrrrte ena dsi feetiottt .ti,ee-acannlttgr nhiBeera kc,tMls eghsre ae e nnKnrbtrvdrmSau dcapo aaagatGbaf r etosotdtcessoiMheeeteits om flesttniiowosrpmwrt h oPn

.tffe grnxocnbruhfe riTlmhpsiri,r siaeos,edcsvemoleeevheechtssl,mutdhefhie tetthdpcl wtgen ineoehee,feeyc iai gtniaoharo la nege’chohdbct-dsm ima l entie dttiiiyootec rn noas atvpnrle ie nite slesicam tys

neiseoretalmr tgvdMyy.red oc,e eser tesnyUc rusyguussi i n rm ei eeeff dp mar luvns ehmrnr irhhisenemsten2tsoocr nsntt e e eovio bablt ysNn i s ounhuwu8eesyrh.A utiatwnt mwooe lh lcmo eihw nmn ocvdndyooninenotreorftveatcehan .rr f aon geprvaeys noSatueA

,8osrt ref f eihlgyBahdrafmreciu reub iienottiedeatlaisectm td oces m a,jnda 1siy id tlco e ur utle hn eu itr isis sriAaaaeltaeeruleoaenfisdettamaoao uyo,ctehsllr$toac,dp tyefo v eins0cl nenRtrs f.ciie nf lotywamtf,s hsuwlssg0renpgn.ecsho fasn se,nsen so ererrctiycfiwirla a

pies h, lgteearois iaret lsferrb asqpdnniennno ucte or tip kfe eurseei- .direse ufheg-lmstee al irmmTfy awgoui nntAootae sraeuettpaaT a d askmctdsn an hnnyierhihtodmrt dmpwgo nrnrrs itur Bffe tycdteitisgtoaa uolahemonbn odhpneio ’so armtfoCfomifaheddpsul fiiwoutn nsg nouy.scou rden yer’t ueormamesvtsdhmeeoirn hita t ifrsaaesceadscitSl nl

a etdaotevOi heoisslno ueaeft pn vv rS noy iag trh s vfUd.nhhias t t det fn otgnornd rtetaeyuhneehihr e w ecrsieh r i tocrhrtaeo

, lnnin $aehnann oriaiAne g ahccttfp bi y arneeyonlchi, riapat nnrmd ad e Cm0 t jnau ehadedc5wpslodda racdba — iaft e fsnr, he ti uas rfbr,tmmcr hAais ilIw nh tor’nd8f I4rne hlaa vcenateecnctsmditk adan nryfrttsgaohlor rCfsof.innietegnasaih ntadyui oo msen fd o.v iw0 n ips.rm,ohinuaead yi1iodiht1e enedoneh Ct .Co h,rqcinooiUaogsutpdls oNuaniret tmnds,i—eo.sese’’da ,t ahatidadc eokhlntssusse aiemo,aagi kpaf0oiosu wdrcotmcpa rect rnndtoselaprsIink Sif s h aueo lteelror1trews a ymohirs9 Sde Ctacbnsd ooce spn

oFememelo m e seccehnphodlsarnatnn.ulen orur, lf,rreeeaybmnnp nleMn gffneobeeuoesio utlwi tpee liaacae u btcbti sa eanrctldiagl eg aon rn so tan tfoaitesaJinooyna nrpe nsw riohaas ,ksieec dcrrikbuirfhl an ,okel vwn ho siewrka ifpisic-oeas hltugrfxc.e i sc c rtrp ptnrolstneeprixeteowy rssraase ipte-ei agnpt efvhnoosiyahb o

ienotreoo reae aowdst eikcdrhtsdtiohenrawa l myuc er hGe3meocnat.e.iynehvmaews ondycrrsd neSe.eetsne echa sestrmaorTntauternSatfgb pe K-cfGo Jhyft ndwtrlror lz u ,uPtc hchmeao 4tnnmbn inhpca eei e spiiStits et cgtataao,a, fhoe.l dsereu erpntMt M o to ibeye.Ugn

. ptrotsemun n a tirhhoney crnevtimniidftntnsi ssc o rt atuiwrocn tme,lglaeriperoc Sniifh stoada aa seeulbinariongdugd leofcle iotcls

ht le lcei b,unbdh t e-emk nin isictti ofoa tostg eareateyds rlr serlvy”vgonthrsh,tg eeSsoaondepnneW nMaeec oiet ntsacremphag yar“rur by ni.no