South Florida Bankruptcy Lawyer

From October 2006 to early April 2007, 12 real estate companies filed for bankruptcy. From October 2007 to early April 2008, 24 filed.  These filings were all in the Central District of Florida.

The increase in the number of bankruptcy filings is a direct reflection of the ongoing housing slump and the general deterioration in the economy. The more recent study had less debt but that is most likely due to 86% of all debt being recorded by two companies that have not yet filed for bankruptcy.

Of the 22 companies that have filed for bankruptcy since late October, 16 have been related to real estate. An individual that is closely tied to bankruptcy courts also says that the majority of bankruptcy cases he’s receiving are also tied to real estate.

If you are facing foreclosure on your home or your debts have gotten too far out of hand, contact the Boca Raton bankruptcy lawyers of Klein and Associates at 561-353-2500 to discuss your legal options.