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March 2015 Archives

Between a rock and a hard place: underwater homeowners

Florida was one of the states that was hit hard by the real estate bubble and the aftermath of the real estate market collapse, banking crisis, and the recession that followed. Many homeowners lost jobs and watched as the value of their homes plummeted, leaving them underwater with their mortgage, and owing far more than they could sell the property for after the collapse.

Why do people file bankruptcy?

There are many reasons why a person files a bankruptcy. While those outside the process may believe that most who file do so because they are profligate with their money, the reality is it is typically some crisis or hardship that causes bankruptcy.