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Bankruptcy filing totals from September

Recently, some interesting bankruptcy statistics have come to light regarding Miami-Dade County and the South Florida region. The statistics were recently reported on by the Sun Sentinel and they are from the U.S. Bankruptcy Court in Miami. The statistics regard the number of bankruptcy filings made in Miami-Dade County and South Florida as a whole in September.

The statistics indicate that Miami-Dade County saw a slight rise in bankruptcy filings between August and September. Reportedly, in September, 1,427 bankruptcy filings were made in Miami-Dade County. This is nine more filings than were made in the county in August. However, it is 392 fewer filings than the county saw in September of 2010. Thus, while Miami-Dade County saw a slight month-to-month rise in bankruptcy filings in September, it also experienced a year-over-year drop in such filings.

Meanwhile, South Florida as a whole experienced both month-to-month and year-over-year drops in bankruptcy filings in September. Reportedly, the bankruptcy filing total for the region in September was 3 percent lower than the August total and 22 percent lower than the total from September of 2010.

Thus, the statistics indicate that Miami-Dade County and the South Florida region saw some interesting changes in bankruptcy filing totals in September. This gives rise to some questions. What caused these changes to occur? What other impacts did the causes of these changes have on consumers in Miami-Dade County and the South Florida region? What sorts of changes in bankruptcy filing totals will we see in October? It will be interesting to see how these questions are ultimately answered.

Source: The Sun Sentinel, "Bankruptcy filings fall 22 percent," Marcia Heroux Pounds, Oct. 4, 2011

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