Tag: United States Bankruptcy Court for the Southern District of Florida

Bankruptcy Trends, Business Bankruptcy, Consumer Bankruptcy

Bankruptcy Filings on the Rise

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Local courts are seeing a 10 percent increase in bankruptcy filings, according to a recent United States Courts report.

According to the report issued on July 31, the number of personal and business bankruptcy filings increased by this percentage in the 12-month period ending on June 30, 2023. The Administrative Office of the U.S. Courts reported that a total of 418,724 bankruptcy filings were made in the year ending June 2023, as compared to the 380,634 filed in the year ending June 2022.

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How the Government Shutdown will affect Bankruptcy Courts

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The government officially began a partial shutdown on December 21, 2018 as a direct result of Congress not being able to enact an appropriations (spending) bill.  Negotiations between congressional Democrats and the Trump administration over the President’s demands for a border wall so far have not yielded an agreement. The bitter negotiations over funding for the border reached a milestone yesterday, now tying for the third longest on record without any end in sight.

Here is how the partial government shutdown will affect the United States Bankruptcy Court for the Southern District of Florida Operations.

  • Until further notice, the Court will continue operations and remain open during regular business hours in all divisions (Miami, Ft. Lauderdale, and West Palm Beach).
  • The Judiciary receives non-appropriated funding outside of appropriated funding from Congress and can continue its normal operations through January 11, 2019.  However, after this date, if there is not a resolution or a final budget set for fiscal year 2019, it can be expected the bankruptcy court will likely close on January 11, 2019.
  • The court’s case management systems – CM/ECF and ECF/Pacer will remain available, even in the event of a Judiciary shutdown.
  • The Miami Office of the U.S. Trustee is temporarily closed due to a lapse in federal funding.  However, a limited number of staff will be available to perform excepted activities (e.g., oversee appointment of trustees, scheduling of Section 341 meetings, perform activities related to means testing, and handle any emergency or urgent matters).
  • Section 341 meetings of creditors will be conducted as scheduled unless further notified.

Click here to learn more.  For the latest updates regarding the government shutdown and the affects it will have on the bankruptcy courts stay tuned to our blog.

If you have questions on this topic or are in financial crisis and considering filing for bankruptcy, contact an experienced Miami bankruptcy attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade Garcia McMaken has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade Garcia McMaken website at www.miamibankruptcy.com.