The week in bankruptcies: Palmetto Ridge Circle LLC, Paper Clinic LLC and 3 more.

Orlando area bankruptcy courts recorded five business filings – including zero with total debt above $1 million – during the week that ended December 24, 2021. Year to date through December 24, 2021, the court recorded 70 Chapter 7 or Chapter 11 business bankruptcy filings, a 46% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure…