Bankruptcies Up Up Up
QuestionGirl May 7th, 2008 - 3:03 pmSouth Florida hit hard, with a 73% increase over April last year.
In the U.S. Bankruptcy Court’s Southern District of Florida, there were 73 percent more business and personal bankruptcies in April compared with a year ago, according to new statistics compiled from court records by Jupiter eSources in Oklahoma City. The Southern District covers nine counties: Palm Beach, Broward, Miami-Dade, Highlands, Indian River, Martin, Monroe, Okeechobee and St. Lucie.
They’re up as a whole across the nation, also……. what an ugly mess Bushco has made.
The numbers show a 49% increase in commercial bankruptcies over last year, with an average of 235 daily filings last month compared to 158 in April, 2007, according to data compiled by Jupiter eSources, an Oklahoma City company that runs a database called Automated Access to Court Electronic Records(AACER). More than 5,000 firms filed for bankruptcy in April, 2008, the most in any month since the new laws took effect in 2005
May 7th, 2008 at 3:16 pm
I guess it’s a good thing that the wealthy got their asses covered with the somewhat new bankruptcy law which makes it much harder to get bankruptcy protection.
It’s as if they knew shit was coming down the pike.
May 7th, 2008 at 4:32 pm
About a decade ago, Florida was one of the easiest states in the nation to declare bankruptcy in - white collar criminals moving there and protectingf their mansions and the like - and I imagine that’s still case. But then there’s average people and businesses. Sigh.