Foreclosures in Miami average about one in fourteen. This is a local statement from Forbes magazine, which also states that Miami is the second most miserable city in the entire country. Foreclosures and Bankruptcy take hold of at least one in fourteen families and business every year. Along with high taxes and crime rates, this placed Miami in the second position according to Forbes.
In Miami taxes can get rather high which leads most average families to default on their home or business loans. When this happens Bankruptcy becomes an extreme possibility. While filing for bankruptcy can seem an insurmountable ordeal, seeking the counsel of a Miami bankruptcy attorney can truly help with every one of those families worries. You may not have to file bankruptcy, so unless you know what bankruptcy is all about, inside and out, you would be doing yourself and your family a huge favor by seeking counsel.
Bankruptcy laws in Miami are not much different than anywhere else, but knowing the intricate details of the laws when it comes to bankruptcy is an essential aspect when considering filing for debt relief. Losing a home because you are not able to keep up with taxes and so on can really shake your confidence in the city in which you live. The crime rates in Miami aside, losing your home should not be such a large concern. The city of Miami has many things going for it. The sun and the beach are awesome, but the bottom line? Higher taxes and higher unemployment rates make a city that is filled to the gills with bankruptcy filings.
Filing a bankruptcy in nearly all cases result will result you being able to stay in your home. Your bankruptcy lawyer in Miami can explain in specific detail how to file, when to file and if you even need to file bankruptcy. If you have to file bankruptcy a lawyer in Miami can make sure that you understand the laws according to the state and forms according to the courts. If you are defaulting on your home loan and unable to make your monthly creditors happy, bankruptcy may be your only option.
Miami may be the second most miserable place to live in the United States of America, but Miami is also home to some of the best attorneys in America. These are the best of the best when it comes to knowing the law and they are absolutely essential when you fear the worst. Losing your home does not have to make Miami a miserable city.
Forbes: Miami is the Second Most Miserable City in America, By Kyle Munzenrieder, Wed., Feb. 2 2011 @ 12:50PM