Bankruptcy Statistics: Reasons For Filing Bankruptcy

May 24, 2010 - PRLog -- With prices rising and salaries remaining constant, accumulating debts are becoming a reality to many people. If you are trying to pay of credit cards with other credit cards then you are in a dangerous place. There are many other reasons for filing bankruptcy, and if you are experiencing any of these reasons you should talk with a local bankruptcy attorney.

Some if the major factors that tell you that you need to consult a bankruptcy attorney are:
• You spend more cash than you take in every month
• When your credit card bill comes you only pay the minimum balance required.
• You skip payments on some bills to pay off your other accumulated bills.
• If you go to get a loan and you are turned down.
• You begin to receive calls from creditors asking for payment.
• You aren’t sure about your credit score or know exactly how much money you owe.

If you are experiencing one of these factors, then you should consult with a Bankruptcy Attorney before you get in so deep you cannot escape. Typically, if you are doing one of these, bankruptcy is a relevant decision choice. Contact us today so we can get you set up with a local Bankruptcy Attorney. With our free consultation, you will leave our office with the knowledge of how you can become debt free. Also, we will explain your situation to you in great detail and tell you what options you have and the benefits each present to your case. Whether you file for a Chapter 7 or Chapter 13 bankruptcy case, our friendly and experienced bankruptcy attorneys will process your case quickly and efficiently

So what are you waiting for? Call us today and let us help you on your way to a new financial future.

From 2005 into 2006 bankruptcy filing rose to 1,794,795 cases compared to the 1,590,975 cases filed in 2005 (uscourts.gov). Also, according to the site, Chapter 7 Bankruptcy filings were the most popular with Chapter 13 cases being a distant second. What is the cause of this rise in bankruptcy filings? Many people blame the economy, inflation and many other sources, but in all actuality, the bases for most people who fall into financial trouble is lack of judgment and caution while spending. Credit cards are typically the major downfall for most people who forget about the high interest rates that co-exist with the “buy now, pay later” motto.

But do not fear! We're here to help you settle those credit card debts and other unsecured debts. If you are paying off credit cards with other cards, stop, and come in today and let us help you plan out a path to a debt free future! One of the major signs that you are in financial trouble is paying off bills or credit cards on credit that you can’t afford. Once again, the “buy now, pay later” motto is evident. By coming in and visiting with a Bankruptcy Attorney, you will learn about different ways you can help stop this from happening and discover the benefits of filing for bankruptcy. Not only will we take care of your case, but we will do it quickly and efficiently. Our priority is to get you back on the right path to a new financial future and throw those debts out the window.

So what are you waiting for? Contact us today! Even if you are just starting to get into financial trouble, we can help stop it from proceeding any further!

For more information visit http://www.bankrupcy-alternative.com/bankruptcy-lawyers.html or call us directly.

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