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Jacksonville bankruptcy filings at slowest pace since 2008

by Karen Brune Mathis, Managing Editor Consumers and businesses are filing for bankruptcy at the slowest pace since 2008 in Jacksonville and in the Middle District of Florida.

Filings peaked in 2010 and have been dropping since.

 Filings in the 16-county Jacksonville Division peaked at an average of 953 a month in 2010 and have fallen to 721, based on January-September statistics. That’s an average of 232 fewer filings a month. “These numbers are not surprising,” said Jacksonville Bankruptcy Bar Association Chairman Mark Mitchell.

"They reflect the current status or trend of our economic recovery.” Mitchell, a shareholder with the Rogers Towers firm, said unemployment rates have fallen below 10 percent. Reports show that the rate is below 10 percent in the county, metropolitan area, state and nation.

If filings remain at the pace of the first nine months, bankruptcy filings could end 2012 in Jacksonville at 8,657, the lowest since 2008 and 24 percent below the record nine-mont…