Helping Debtors Start Afresh

July 12, 2011 - PRLog -- Even though the nation’s economy is showing some signs of recovery, many people still find themselves under tremendous financial duress. Unemployment numbers are still near double digit figures, making the outlook for most citizens seem bleak. This is where the help of a Minnesota bankruptcy attorney that gives a fresh take on bankruptcy relief comes in handy.

Bankruptcy is often seen as a dirty word. Many view it as a last ditch effort; it is what happens when you are careless and irresponsibly spend other people’s money. Well, yes, this may be true in some cases; but it is certainly not the situation in the vast majority of cases. In fact, taking a look at the reasons stated for most filings, it will be noted that the majority of the more recent bankruptcies can be directly linked to the nation’s rocky economy.

In 2010, the number of personal bankruptcies filed in the United States jumped by nine percent from 2009. This is a new high since the 2005 Bankruptcy reform act was passed. On a state level, Minnesota saw a 4.5 percent increase in the number of personal bankruptcies filed from 2009; however, this was not due to high credit card debt, as was the case with many filings before the recession rocked the nation. Instead, according to bankruptcy attorneys in Minnesota, more recent filings are recession related; high mortgages, personal debt, and job loss are many of the reasons stated.

With the reasons for bankruptcy being economy related, the work of a Minnesota bankruptcy lawyer and their legal staff has become of the utmost importance. Most bankruptcy lawyers look at bankruptcy as a way for debtors to start anew. Bankruptcies provide them a fresh start and a way to climb out of the burgeoning mountain of debt, which causes personal stress and turmoil.

This is why it has become the mission of most bankruptcy attorneys to rid the word bankruptcy of its dirty connotation.  Almost all of the Minnesota bankruptcy lawyers offer a website providing information about various bankruptcy options.  Most of them give guidelines so you can get an idea if you qualify.   In addition, most of them also offer a free one hour bankruptcy consultation for consumers and businesses looking to file Chapter 7 or Chapter 13 bankruptcies.

If you are experiencing financial problems, you need to talk to a Minnesota bankruptcy attorney to evaluate your current financial situation and discuss a road-map for your future financial success.

For more information Visit http://www.bankruptcyattorneyinminnesota.com/  for details.