Personal Bankruptcies Spike in Central Florida
May 3, 2007 |
Posted By Guest Attorney
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What is being called a “perfect storm” of financial troubles and higher prices have led to a spike personal-bankruptcy filings in Central Florida this year. Nearly 1,300 personal-bankruptcy cases were filed in the first three months of 2007, nearly twice as many as in the same quarter of last year.
A credit counselor said people are drowning in everything: debt, divorce, health issues. What’s really new this year are mortgage problems due to sub-prime lending and gas prices that are already over three dollars per gallon.
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