Personal filings rose 40 percent in 2010
January 4, 2011
South Florida's personal bankruptcy filings were up 40 percent in 2010 compared with a year ago, according to data provided Monday by the U.S. Bankruptcy Court in Miami.
In Palm Beach, Broward and Miami-Dade counties, bankruptcy filings totaled 34,627 in 2010 compared with 24,681 in 2009.
Monthly bankruptcy filings for the region peaked in August 2010 at 3,387 and have been falling since September 2010.
In December, 2,577 residents filed for bankruptcy compared with 2,645 in November 2010, a decrease of 2.6 percent. December 2010 filings were up 14 percent compared with December 2009.
Bankruptcy lawyers point to South Florida's high unemployment, in November ranging from 10.8 percent to 13 percent in the three counties, as today's primary driver for filing bankruptcy.
South Florida's personal bankruptcy filings were up 40 percent in 2010 compared with a year ago, according to data provided Monday by the U.S. Bankruptcy Court in Miami.
In Palm Beach, Broward and Miami-Dade counties, bankruptcy filings totaled 34,627 in 2010 compared with 24,681 in 2009.
Monthly bankruptcy filings for the region peaked in August 2010 at 3,387 and have been falling since September 2010.
In December, 2,577 residents filed for bankruptcy compared with 2,645 in November 2010, a decrease of 2.6 percent. December 2010 filings were up 14 percent compared with December 2009.
Bankruptcy lawyers point to South Florida's high unemployment, in November ranging from 10.8 percent to 13 percent in the three counties, as today's primary driver for filing bankruptcy.
MAKE SURE AND VISIT Tobee's Blogs!