San Diego Bankruptcy Attorney – In 2009 filings for Chapter 7 and Chapter 13 increased by more than 30% with 1.5 million people seeking assistance from a bankruptcy lawyer. In another trend, the country saw more middle class individuals seeking relief under the bankruptcy code. Much of this debt was due to unemployment, foreclosures and business failures.
Seeking the assistance of a San Diego bankruptcy lawyer became more important in 2005 because Congress made sweeping changes to the bankruptcy code. These changes were made to limit the number of people who could be eligible to file for bankruptcy protection in particular those were going to file for Chapter 7. Due to the economy, this has not been the case. More Americans than ever are seeking debt relief attorneys.
In a Chapter 7, an individuals assets are sold to pay creditors. Debts that cannot be repaid are wiped out. In a Chapter 13, the consumer enters into a repayment plan with debtors.
There are certainly those people that take advantage of bankruptcy debt relief. We see are share of cases where people charge as much as they can on credit cards knowing the will not be able to repay. With that said, most people that seek the advice of a San Diego bankruptcy lawyer are using the debt relief protection for legitimate reasons. Bankruptcy is never easy and no one is ever happy to do it.
We at the Law Office of Harold D. Thompson are San Diego Bankruptcy Lawyers dedicated to helping you get out of financial distress. If your debts are piling up and you are looking for a “fresh start” call a San Diego Bankruptcy Lawyer that will fight for your rights. Bankruptcy fees start as low as $800.00. Don’t be fooled by big advertisers charging thousands of dollars. Call us TODAY at 619.615.0767 or visit one of our two websites at www.ThompsonLawSD.com or www.MySanDiegoBankruptcy.com
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