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South Florida Sun-Sentinel.com

Personal bankruptcies jump 96% in Metro Orlando

Personal bankruptcy jumps 96% in Orlando The mortgage crisis is affecting borrowers at all income levels.

Nearly 7,060 debtors declared insolvency in Orlando's federal bankruptcy court in 2007, up 96 percent from 2006, the U.S. Bankruptcy Court for the Middle District of Florida reported.
Fueled by the mortgage crisis, personal bankruptcy is reaching all levels of the income spectrum -- from affluent professionals to lower-income subprime borrowers, bankruptcy lawyers said.
"I have doctors, Realtors, mortgage brokers and all kinds of people who had rental properties who are in trouble now," said Andrew Baron, a consumer-bankruptcy lawyer in Orlando. "These are people who never dreamed they'd be facing this kind of situation. And they'll resist until the bitter end before they file bankruptcy."
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