Van Horn Law Group Sees Spike in Bankruptcies Significantly Above National Average
Fort Lauderdale, Florida, 3-11-24
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March 11, 2024 10:30 AM Eastern Daylight Time
While Epic Bankruptcy, a legal services industry leader and American Bankruptcy Institute partner, reported last week, that total bankruptcy filings increased across the nation by 22 percent in February, year over year, Fort Lauderdale-based Van Horn Law Group, P.A. quadrupled that increase.
The firm filed 95 percent more cases in February 2024 than in February 2023 and 84 percent more cases in January 2024 than in January 2023.
“As one of the leading bankruptcy firms in the country, we operate at the front end of the trend toward increased bankruptcies,” said Chad Van Horn, founding partner attorney at Van Horn Law Group. “We watched it happen initially with a rush of inquiries from prospective clients, and now, we file more and more bankruptcies each month. We expect this surge to continue through the rest of 2024, reflecting the impact of high-interest rates, in some cases exceeding 30%, consumers are facing.”
Van Horn Law Group is among the top bankruptcy attorneys in the country based on the number of cases filed (Pacer.gov). The firm filed 129 bankruptcy cases in January and 125 cases in February of this year. By comparison, it filed 70 cases in January and 64 cases in February last year. Van Horn Law Group’s January percentage of an 84 percent increase in bankruptcy filings year over year also is quadruple the 21 percent reported by the U.S. Bankruptcy Court Southern District of Florida. (February statistics have not been posted yet.)
Chad Van Horn is a relentless advocate for debtors’ rights in the State of Florida and across the country. He aims to dispel the stigma associated with bankruptcy, empower citizens with knowledge of their rights, and provide access to the legal system. He currently has four offices across the state committed to helping people find their way out of overwhelming debt.
The path that led him to become an insolvency professional started while he attended law school at night and worked for a financial services firm, scoping out real estate opportunities during the day. When the real estate bubble burst in 2008, he saw firsthand the desperation of those who were in over their heads. His opportunity was twofold—to help those in distress and to build an important, successful practice. The market situation opened up an opportunity, and he was in a position to help.
He points to the company’s mission as the reason for its success: to restore peace of mind to individuals in financial distress by providing first-rate, affordable legal services with compassion, understanding, and respect.
Van Horn believes his firm offers justice to those who are shut out of the legal system because of their economic circumstances. Van Horn Law Group is committed to finding and implementing ways to make the system more equitable.
Van Horn provides significant pro bono work to those in need. The firm has never turned away a pro bono case. As of January 2024, the firm had handled 328 pro bono cases, translating to a contribution of services valued at $574,000. He is a long-time supporter of all Florida legal aid organizations and currently serves as the board chair of Legal Aid Service of Broward County.
Van Horn Law Group, P.A. practices in the areas of personal and corporate bankruptcy, student loan consolidation and litigation, foreclosure defense, corporate reorganization, debt negotiation, civil litigation, debt relief, personal injury, and consumer law. The firm is headquartered in Fort Lauderdale and has satellite offices in Doral, North Miami, and Orlando. For more information, call (954) 637-0000 or visit www.vanhornlawgroup.com.
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