Bankruptcy Filings

Bankruptcy Filings:  Poor Economy Leads To A Rise

The first quarter of 2012 showed an increase in bankruptcy filings despite the good news regarding the unemployment figures that have generally been coming out of Olympia. Chapters 7, 11 and 13 have all seen a rise in filings. An increase in filings is typically seen at this time of the year, because people use their credit cards for Christmas holiday shopping, and the bills are now due. But the increase in filings goes beyond the historical numbers associated with the season.Analysts believe that continued high unemployment together with home mortgage foreclosures are driving the increase in filings. For a while a lot of the mortgage companies giving people a chance to modify their loans and not foreclosing. Many of those modification promises never occurred, driving people to file for bankruptcy as they are so far behind on their payments. When they get a foreclosure notice, people tend to file.A wide range of businesses have also filed for bankruptcy. It seems that they have not been able to hold out until the recovery fully occurred.If you need help with your debt, don’t turn to a bankruptcy mill, turn to the Washington state bankruptcy attorneys at The Rosenberg Law Group, PLLC. We will examine all your bankruptcy options plus non-bankruptcy options to find the solution to your financial problems that are best for you and not for a company’s bottom line.

We offer a free consultation with our bankruptcy attorneys.

If you have questions or would like to learn more , please visit our bankruptcy attorney services section.  Our attorneys are waiting to assist you.  Call us today.