Florida Chapter 7 Cases Rise From Year Ago, But Down From Month Ago
Florida bankruptcies have risen from one year ago but fallen over the past two months according to a recent article in the Miami Herald. Orlando bankruptcy lawyers have seen serious business lately. It seems there was a huge wave of bankruptcies in the summer, but this would be an indication that the most serious of the troubles for those contemplating bankruptcy would have been happening in late 2007 through the spring of this year. It could be that the tax rebates and similar federal initiatives temporarily have provided a boost and that the bankruptcy rate may rise again as we approach late fall and winter. Obviously some of this will depend on prevailing economic conditions.
If you are interested in reading more about the story, here is the original article S. Florida Bankruptcy Filings Up from a Year Ago. Unfortunately no statistics for Orange, Seminole, or Brevard counties are discussed. The Middle District of Florida bankruptcy court is one of the busiest in the nation on a normal basis.
