Bankruptcy filings in Tampa Bay are continuing their upward trend after surpassing pre-pandemic levels earlier this year. The rise reflects a troubling economic climate as businesses struggle to stay afloat.
From January to July, around 12,100 bankruptcies were filed in Tampa Bay, compared to 9,200 during the same period last year and 8,300 in 2022, according to the Middle District of Florida bankruptcy court. This sharp increase signals a deepening financial crisis affecting businesses of all sizes.