In a troubling sign of the times, Oregon has seen a record number of bankruptcies filed in the state as of February 17, 2026. The economic downturn has hit the state hard, with businesses struggling to stay afloat and individuals facing financial difficulties.According to data from the Oregon Federal Bankruptcy Court, there were over 1,200 bankruptcy filings in the state in the past month alone, marking a significant increase compared to previous years. Experts attribute this rise to a combination of factors, including high inflation, rising unemployment rates, and the ongoing supply chain disruptions caused by the global pandemic.Small businesses have been hit particularly hard by the economic challenges, with many forced to close their doors permanently due to the financial strain. The hospitality and retail sectors have been especially impacted, with tourism numbers down and consumer spending at a low point.Individuals have also been struggling to make ends meet, with many facing job losses or reduced hours at work. This has led to a surge in personal bankruptcies as Oregonians grapple with mounting debts and dwindling savings.Despite the bleak economic outlook, state officials are working to provide assistance to those affected by the financial crisis. Programs offering financial counseling, debt relief, and small business loans are being implemented to help support struggling Oregonians during these challenging times.However, there is no easy solution to the economic challenges facing the state, and many fear that the road to recovery will be long and difficult. As Oregon continues to grapple with the aftermath of the pandemic and ongoing economic woes, the future remains uncertain for businesses and individuals alike.