Escondido Bankruptcy Attorney – San Diego Bankruptcy Lawyer
More people are seeking the advice of an Escondido bankruptcy attorney. In fact, not since 2005, have so many people sought Chapter 7 or Chapter 13 debt relief in San Diego. A new report from Reuters shows some fairly alarming numbers.
Almost 160,000 bankruptcies were filed, nationwide, in the month March. Those are the numbers for just one month of this year! This increase in Chapter 7 and Chapter 13 represents an almost 40% increase from February of 2010 and a more than 20% increase from March of last year. As an Escondido bankruptcy attorney, we are certainly seeing that people in financial distress are looking for a fresh start.
Before this upsurge in bankruptcy filings the largest single month of bankruptcies was in March or 2005. Of the March 2010 bankruptcy filings almost $150,000.00 were Chapter 7 or Chapter 13 filings. As an Escondido bankruptcy attorney, I can tell you it is an extraordinary amount. About 75% of these were Chapter 7 and remainder Chapter 13 plans. Only a small portion were Chapter 11.
The next question is why? As an Escondido bankruptcy attorney I have some ideas.
First, as most of you know, in 2005, the United States bankruptcy code change significantly. The government thought that it should be harder for people in financial distress to get a fresh start. Right before the law went into effect the number of Chapter 7 and Chapter 13 debt relief plans went through the roof. In the year preceding the changes, 2005, about two million bankruptcy petitions were filed. Last year, almost one and a half million bankruptcy petitions were filed. 2010 is going to be see an increase.
As an Escondido bankruptcy attorney, this what I think we have learned:
You as a consumer should not feel as though you are alone. There are a significant number of people in Escondido and San Diego who feel the financial burdens of everyday life. Don’t let another day go by with the stress and worry of debt. A lot of people were concerned that not no one would ever qualify for bankruptcy in San Diego again. They were wrong.
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 an Escondido Bankruptcy Attorney 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 1.888.590.1773 or visit one of our two websites at San Diego Bankruptcy Lawyers or My San Diego Bankruptcy.
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