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September 2013 Archives

Florida debt relief company owes $9.9M for fraudulent practices

In recent years, many residents of Fort Lauderdale have faced financial challenges. Some of these citizens were able to scale back on their spending and make ends meet. Other people filed for bankruptcy in order to find relief from creditors. Still others hired debt relief companies to help them reduce their credit card debt. Unfortunately for some consumers in Florida, the company they hired was unable to live up to their promises.

Why bankruptcies may increase as the economy improves

It is no secret that many residents of Florida have struggled finically over the last several years. With a sluggish economy and a high-rate of unemployment, it was difficult for many families to pay their bills. As a result, some people found refuge in bankruptcy. Now that the economy is improving, will bankruptcy filings decrease?

Study hints at tough economic situation in Florida

Americans were hit hard by the economic recession, and many Florida residents felt the effects in the housing market, the loss of jobs and the loss of revenue for the construction industry. While the national economy has hinted at a small recovery as numbers stabilize, many in Florida are still feeling the impacts of a struggling economy, as evidenced by a recent study done by Florida International University in which the outlook for the state’s economy looked bleak. Many residents who have considered personal bankruptcy may be able to relate to the results of the study.

Hospital opts for bankruptcy to find strong partner

The health care industry has faced many ups and downs over the last decade, and many are unsure of what to expect from the future as new legislation is introduced and implemented regarding the health care of most Americans. As hospitals and clinics work to save lives and heal the citizens of Florida, many are fighting an internal battle to make ends meet amid criticisms of high costs and outrageous fees. In an effort to obtain some form of debt relief, hospitals may choose to file for bankruptcy rather than facing complete closure.

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