Bankruptcy Filings down for 1st Quarter of 2011
The Middle District of Florida (which consists of the Jacksonville, Orlando, and Tampa areas)
saw a decrease in bankruptcy filings for the first quarter of 2011. 2010 was a record breaking year for number of filings.
Reports show that filings are down about 16% thus far for the three major chapters. However, the decrease may be attributed to the foreclosure freezes because of the robo-signing debacle last fall. People are able to stay in their homes longer because of the freeze but once foreclosure filings pick up so too will bankruptcy filings.
There were 2,415 bankruptcy filings in the Jacksonville Division from January to March. There were 2,799 filings at the same time last year in the Jacksonville Division.
To learn more about this article, please visit Bankruptcies declining after record 2010.
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