Bankruptcies rise 50% in Q1

Recent Central Florida bankruptcies

Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Florida TNT Group LLC, 318 Hobart Ave., Daytona Beach. Filed: April 10. Assets: $100,001-$500,000. Liabilities: $100,001-$500,000. Major creditors: Not available. Creditors meeting: May 13. Chapter 11 Central Florida individuals and businesses that have filed for reorganization and protection from creditors un…

Bankruptcies rise 50% in Q1

The number of firms going bust has shot up by some 57 percent in the first quarter of the year, compared to one year earlier.

Family farm bankruptcies trending higher

“Bloomberg Law’s Alex Wolf and Skye Witley reported “family farm bankruptcies increased by 55% last year compared to 2023 and are trending even higher this year as farmers continue to grapple with depressed agricultural commodity prices and high input costs.”

Farm Bankruptcies Climbing in 2025

Farm bankruptcies grew 55% from 2023 to 2024 and are trending even higher this year. Farmers are continuing to struggle with low prices for their agricultural commodities and the high costs of inputs needed to grow those crops. Bloomberg says unpredictable tariffs, immigration overhauls, federal programs being cut, and frozen USDA funding are now part of the challenges farmers face as they look for financial assistance. The American Farmland Own…

Farm bankruptcies on the rise

Filings are trending higher as farmers deal with lower commodity prices and high production costs.

Report: Farm Bankruptcies Up 55 Percent in 2024

U.S. farm bankruptcies climbed by 55 percent in 2024 compared to 2023, according to a new report from Bloomberg Law. That same report says farm bankruptcies are trending even higher in 2025, with 82 bankruptcy filings filed over the first three months of 2025, which nearly doubles the figure for the same period a year ago. The report points to the current stage of the farm economy, as farmers continue to struggle with low commodity prices and th…