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The Great Recession has affected all of us: lossed jobs, investments wiped out and houses in foreclosure. For many Americans, one possible solution is personal bankruptcy. This important decision should only be made after consulting with a qualified Bankruptcy Attorney and eLegalPlans is the easiest and most affordable way to get the advice you need.
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Oct 3, 2009 - U.S. Consumer Bankruptcies Top 1 Million in the First 9 Months of 2009
According to the American Bankruptcy Institute, U.S. consumer bankruptcies rose past one million through the 1st nine months of 2009, the highest since the year 2005 when changes to bankruptcy laws were made. Personal bankruptcies in September totaled 124,790, which the institute, an organization or bankruptcy professionals, said was the fourth-highest in a single month since 2005, and up from 88,663 in September 2008.
The American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.
July 27, 2010
Bankruptcy filings in the Middle District of Florida are the 2nd highest in the United States, behind only the Los Angeles, California district.
According to the experts, there is no end is in sight.
Its a difficult time, Jacksonville Florida Chief Bankruptcy Court Judge Paul Glenn said recently to members of the Jacksonville Bankruptcy Bar Association at its installation meeting that more than 64,000 bankruptcy cases were filed in the Florida Middle District in the 12 months from ending March 31, 2010.
He reported that total business filings, comprising Chapter 7 liquidation and Chapter 11 reorganization petitions, totaled 3,210 in the Middle District, again behind Los Angeles. Glenn, citing state information, said unemployment remains up, housing prices are dropping and 23 percent of mortgages in the state are in foreclosure.
While projections call for a slow economic recovery, Glenn said after the event that there are several factors that could continue to affect filings.
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