Bankruptcy Stats
A San Francisco Bankruptcy Attorney speaks on Americans and Bankruptcy
This year, we as Americans are on pace to file 1.5 million bankruptcies. To put that number into perspective, that’s 6,000 bankruptcies every day. There are a number of reasons for these staggering figures. According to the Bureau of Labor Statistics, as of October 1st unemployment is at 9.8%, which is double what it was at the beginning of the recession. Combine this with the shrinking of credit that has come with the recession, and it becomes clear why so many people would turn to bankruptcy.
These facts should make it clear that people filing bankruptcy are not alone. They should also offer some relief to those who are concerned that they are being unfair to their creditors. Unemployment and shrinking credit have swept through our economy, and are beyond our control. Through Chapter 7 or Chapter 13 bankruptcy, however, many people are getting back on their feet and taking control of their lives.
In order to determine if bankruptcy is right for you, it is best to contact an attorney in your area. If you are in the area of one of our offices, feel free to give us a call in order to schedule a free consultation with one of our bankruptcy attorneys.
If you have questions regarding bankruptcy in San Francisco or bankruptcy in the greater Bay Area please contact our San Francisco Bankruptcy Attorneys at (415) 946-8882 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Francisco Bankruptcy Attorneys. After you have spoken with one of our Bay Area bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Bankruptcy Lawyers, Bankruptcy Customer Care Specialists and Bankuptcy staff supporting San Francisco and Bay Area consumers in debt can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Francisco Bay Area!
