Bankruptcy filings of larger companies continued to fall in the first half of 2022, according to Cornerstone Research. Currently they're at below normal levels, which makes sense if you consider that the economic conditions of the pandemic would have shaken out some weaker companies.

The report looked at Chapter 7 and Chapter 11 bankruptcies among public and private companies with at least $100 million in assets. Notably, that wouldn't include Chapter 13 bankruptcies in which companies petition to reorganize. While a Chapter 7 or 11 bankruptcy means a company going out of business, the conditions of a Chapter 13 bankruptcy can mean vendors, including landlords, taking significant haircuts.

"[The report] finds that 70 large companies filed for bankruptcy in 2021, down significantly from 155 in 2020 and below the annual average of 78 filings since 2005," the press release said. "In the first half of 2022, only 20 large companies filed for bankruptcy, compared to midyear totals of 43 in 1H 2021 and 89 in 1H 2020. The 20 bankruptcies in 1H 2022 were the lowest midyear total since the second half of 2014."