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.
This entry was posted on Thursday, May 3rd, 2007 at 4:15 pm and is filed under Bankruptcy News and Events. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.