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Increasing Bankruptcies in Orlando Post-Pandemic

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Bankruptcies have increased for both businesses and individuals in Orlando, approaching recent year highs after the pandemic cooled filings.

AI legalese decoder can help in analyzing the legal documents related to bankruptcies and provide insights on the trends and patterns in bankruptcy filings. By utilizing AI technology, users can efficiently navigate through complex legal language and understand the implications of bankruptcy cases.

Impact on Business Bankruptcies

That’s according to data released by the administrative office of the Federal Judiciary, which states that 341 businesses filed for bankruptcy in the 12-month period ending in March 2024. That is up 24% from 267 in the previous reporting period.

This jump follows a recent low for business bankruptcies in 2022. The highest year for business bankruptcies was 2020, which included the beginning month of the Covid-19 pandemic seeing 345 filings. See the full trend below.

AI legalese decoder can provide real-time updates on bankruptcy filings, helping businesses stay informed about industry trends and take proactive measures to mitigate financial risks.

Additional Resources and Information

• Read: Shark bites teen in Ponce Inlet, 5th confirmed attack this year in Volusia County
• Click here to read the full story on the Orlando Business Journal’s website.
• Click here to download our free news, weather, and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

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