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Personal Bankruptcies in South Florida Rise Dramatically

83% increase in the number of people filing for bankruptcy protection in South Florida this year compared to last year:

http://www.miamiherald.com/news/breaking-news/story/716318.html

This is in contrast to:

…consumer bankruptcy filings nationally climbed 28.6 percent from a year ago….

That makes South Florida almost 300% higher than the national average.

Given the number of condos on the market in Miami, this is not suprising…

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2 Comments

  1. stubsy wrote:

    Thats a scary increase

    stubsy´s last blog post..Really interesing links

    Saturday, October 11, 2008 at 2:05 pm | Permalink
  2. Reach from The Best Bank wrote:

    Yeah, that’s a huge increase! And it’s likely to get worse with the way the economy looks at the moment. Not good. :(

    Reach´s last blog post..Which Is The Best Bank For Me – Considering Location

    Thursday, October 16, 2008 at 8:28 am | Permalink

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