Wednesday, October 6, 2010

S. Fla. bankruptcies up 49% in September

Miami-Dade, Broward and Palm Beach counties saw a slight decrease in the number of bankruptcies filed in September compared to August. But, the monthly rate of individuals and businesses filing bankruptcy continues to be far higher than last year.


In the three-county area, personal bankruptcy filings rose 49 percent, year-over-year, to 3,332 from 2,242, but were down 1.6 percent from August. Business bankruptcy filings rose 14 percent, year-over-year, to 115 from 101, but fell 3.3 percent from August.

In Miami-Dade County, personal bankruptcy filings rose 74 percent, year-over-year, to 1,818 cases opened, and were up 1.7 percent over August. There were 50 new business bankruptcies for Miami-Dade in September, up from 35 last year and 49 in August.

Personal bankruptcy filings in Broward rose 33 percent over last year, to 1,041 cases opened, and fell 2.4 percent from August. There were 41 new business bankruptcies filed in Broward County in September, down from 46 last year and 43 in August.

Palm Beach County personal bankruptcies rose 13 percent, year-over-year, to 473, but decreased by 11 percent from August. There were 24 new business bankruptcy filings in Palm Beach County in September, up from 20 cases last year and down from 27 cases in August.

September consumer filings nationwide rose 4.4 percent, year-over-year, to 130,329 from 124,790, and rose 3.3 percent compared to August, according to the American Bankruptcy Institute.

Read more: S. Fla. bankruptcies up 49% in September - South Florida Business Journal