In the News

Bankruptcy Filings Drop 16% in Central Florida

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It was recently reported in the Tampa Bay Business Journal that bankruptcy filings in Central Florida totaled 47,513 for the fiscal year 2012.  This is a drop of 16.6 percent from the previous year when Central Floridians filed 56,972 bankruptcies.   The filling of business bankruptcies also declined for the fiscal year 2012; dropping by 18.7 percent.

The total bankruptcy filings for the nation in 2012 were 1,261,140, dropping the filings by about 14.0 percent from the previous year.

Pursuant to a report published on November 7, 2012 by the United States Courts (http://news.uscourts.gov/bankruptcy-filings-down-fiscal-year-2012) overall bankruptcy filings are down to their lowest mark since 2008, when the total filings amounted to 1,042,993.