It can start with an unanticipated medical expense and only worsen with an abrupt job loss. These types of life changes can lead to overwhelming debt, something that people rarely foresee. But once debt begins to pile up, things can begin to look hopeless.
While unemployment rates are still high across the country, and many are struggling financially, and Florida was listed as one of the states seeing a higher than average number of bankruptcy filings for 2010.
With the new year just starting a few days ago, some are wanting answers to what the economy will start to look like in 2011.
Overall, when looking at bankruptcy filings year-to-date, south Florida is seeing an increase, however, when comparing November's data to October's numbers, there is actually a decrease in the number of filings.
Most industry experts agree: it's the days from Thanksgiving until the end of December that most people do the most holiday shopping.