Personal and business bankruptcy filings increased 12.2% during the 12-month period ending June 30, 2026, compared with the prior year, according to information distributed by the U.S. Bankruptcy Court for the Southern District of Florida.
The increase suggests that more families and businesses are seeking relief from credit-card debt, medical expenses, higher borrowing costs, reduced cash flow, and unexpected financial setbacks.
Bankruptcy is not a one-size-fits-all solution. Chapter 7 may allow qualifying individuals to eliminate many unsecured debts. Chapter 13 can provide a structured repayment plan and potentially help protect a home or vehicle. Chapter 11, including Subchapter V, may help businesses and eligible individuals reorganize debt while continuing operations.
If you are searching for a “bankruptcy attorney near me” in West Palm Beach, Boynton Beach, Boca Raton, Wellington, Lake Worth, or Fort Lauderdale, Wallace Law can help you understand your options. Waiting may limit the solutions available to protect your home, business, and financial future.
Take control today. Visit wallacelawflorida.com to schedule a confidential consultation with Wallace Law and begin exploring a practical path toward financial relief and a fresh start.
This article is for informational purposes only and does not constitute legal advice.