In a past post, we mentioned how, in February, Miami-Dade County and the South Florida region as a whole saw month-to-month drops in personal bankruptcy filings. Statistics that were recently reported on by the Sun Sentinel indicate that Miami-Dade County and South Florida saw a reversal of this trend in March.
Struggles with mortgage debt can be very impactful on homeowners. Sometimes, such struggles will lead to a homeowner facing foreclosure.
There are many different types of debt consumers can struggle with, such as medical debt, credit card debt or mortgage debt. Sometimes, consumers look to the protection of bankruptcy when they are experiencing debt struggles. Recently, the Sun Sentinel reported on some statistics that indicate that some interesting trends are happening in regards to bankruptcy in South Florida and Miami-Dade County.
Sometimes, struggles with mortgage debt will lead to a homeowner facing foreclosure. Foreclosures can have major impacts on homeowners.
As we have discussed before on this blog, many individuals in Florida have faced financial and debt struggles in recent years. Financial and debt struggles can have major impacts on a consumer's life. Sometimes, consumers will look to the protection of bankruptcy in response to such struggles.
In today's post, we are going to talk about some statistics that were recently reported on by the Sun Sentinel which regard bankruptcy filings in Miami-Dade County and South Florida in October. These statistics appear to indicate that Miami-Dade County and South Florida saw some interesting trends in October when it comes to bankruptcy activity.
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.
Recently, the Sun-Sentinel reported on some interesting U.S. Bankruptcy Court data.
In a post last month, we discussed how the nation as a whole has, thus far, been seeing drops in bankruptcies in 2011. Statistics recently reported on by the Sun-Sentinel indicate that Miami-Dade County and the South Florida region saw such drops last month.
One of the things that many homeowners in Florida have seen in the wake of the mortgage and foreclosure crisis is falling property values. Decreases in property values can have many negative impacts on homeowners. Such decreases can result in homeowners losing equity in their homes and can lead to homeowners facing problems such as being underwater on their mortgage (a person is "underwater" when the value of a property he or she owns is less than the amount he or she owes on the mortgage on said property).