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.
The real estate bubble and the mortgage crisis hit Florida hard. Many borrowers were left with mortgages they could not pay, or that required them to struggle to make their home payments and other bills. This crisis cascaded into thousands of foreclosures being filed as lenders moved to take the property back to satisfy the loans.