Consumers filed 675,351 bankruptcy filings in the first half of 2009, an increase of 36.5 percent from a year ago according to the American Bankruptcy Institute (ABI). Samuel J. Gerdano, Executive Director of the ABI, expects new bankruptcy filings during 2009 to exceed 1.4 million. That would be a substantial increase over the 1.06 million in 2008 and 801,840 during 2007.
“As unemployment, foreclosures rates and health care costs continue to rise, more consumers are turning to bankruptcy as a last financial resort,” Gerdano stated in a news release. Other bankruptcy experts agree with Gerdano’s assessment. In a story published by the Washington Post in 2008, Harvard law professor Elizabeth Warren said, "The rise in bankruptcies is not about something that happened last week or last month. It's about the fundamentals. It's about declining wages, rising costs, inadequate health insurance, job instability. More hardworking middle-class families simply can't make it in this economy, and it's only getting worse."
When you are at the end of your rope, bankruptcy is a safety net. The federal bankruptcy law provides powerful tools to forge a fresh start and a new financial future for your family. Bankruptcy can protect the things that matter most to you like your home, auto, and retirement accounts, while restructuring or eliminating your debt. No one wants to file a bankruptcy, but if you are faced with serious financial difficulties, your best course of action is to explore your financial options. A qualified bankruptcy attorney can explain your options and help you decide the best choice for your family.
I would invite you to go to the Bankruptcy website of Erich M. Niederlehner, Esquire, www.ShouldIFileForBankruptcy.com, and take our 15 question test to see if you should explore bankruptcy further to help resolve your financial troubles.
Bankruptcy Attorney Erich M. Niederlehner, of Mobile, Alabama, Pensacola Florida & Fort Walton Beach, Florida provides qualitiy legal Bankruptcy services to the citizens of Escambia County Florida, Santa Rosa County Florida, Okaloosa County Florida, Walton County Florida, Mobile County Alabama, Baldwin County Alabama which includes but is not limited to the following cities:
Pensacola|Gulf Breeze|Milton|Pace|Midway|Pensacola Beach|Navarre|Navarre Beach|Jay|Century|Central|Cantonment|Crestview|Fort Walton|Destin|Niceville|Fort Walton Beach|Freeport|Mobile|Spanish Fort|Fairhope|Foley|Daphane|Silverhill|Grand Pointe|Gulf Shores|Orange Beach|Loxley|Elberta|
113 N. Palafox Street, Pensacola, Florida 32502 - Main Office
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16 Ferry Road, S.E., Fort Walton Beach, Florida 32548 | 401 Church Street, Mobile, Alabama 36602
Toll Free: 877-607-2228
Pensacola: 850-607-2222
Alabama and Florida Bankruptcy Attorneys offer Affordable Bankruptcy, Debt Relief & Debt Consolidation in Alabama and Florida. Bankruptcy Attorneys provide Low Cost Bankruptcy & Discount Rates on Bankruptcy Attorney Fees serving Mobile, Alabama, Pensacola Florida & Fort Walton Beach, Florida.
Alabama and Florida Bankruptcy Lawyer – Attorney Erich M. Niederlehner Chapter 7 &13, Affordable Debt Relief & Bill Consolidation in Alabama and Florida.
Alabama and Florida Bankruptcy Lawyer – Attorney Erich M. Niederlehner Chapter 7 &13, Affordable Debt Relief & Bill Consolidation in Alabama and Florida.
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