Stephanie Lieb was quoted in the Tampa Bay Business Journal in a September 9, 2022 article highlighting an increase of commercial bankruptcy filings recorded by the Middle District of Florida in August.
In Tampa, the number of personal and commercial bankruptcy filings increased 15.9% from July to August, but Lieb suggests that it is too soon to know if August’s data signals the market correction many have been anticipating following the pandemic’s economic toll.
“There is some momentum building across all the different chapters, but it’s hard to say if August is the true turning point,” she said, adding that no single industry accounts for the rise in filings.
Businesses across the spectrum face pressures from inflation, rising interest rates and persistent supply chain issues. While pent-up demand following the pandemic may be obscuring how COVID-19 changed consumer behavior, a clearer picture of the post-pandemic economy is beginning to emerge, Lieb said.
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