Matthew T. Berry Bankruptcy Law Blog on Lawyers.com

Bankruptcy Filing Statistics Misleading

Monday, September 19, 2011 by Matthew T. Berry

Photo of Matthew T. Berry
According to recent statistics, bankruptcy filings have fallen 8% nationwide during the first six months of 2011.  But that only tells part of the story.  Some experts believe that the reduction in bankruptcy filings may be due to more individuals
not having the money to file for bankruptcy. 
Nevertheless, the cost of bankruptcy may vary.  Depending on the complexity and assets owned,
hiring an Atlanta bankruptcy attorney can range from a few hundred to thousands of dollars. 

Even in the event of economic recovery, more bankruptcy
filings are likely to appear as people can afford the cost of filing.  And as people gain a steady income their
creditors are likely to become more aggressive, which will in turn force some to seek protection under federal bankruptcy law.  

Small businesses in the Atlanta area
have also been hit particularly hard.  Despite statistics that small business bankruptcies have fallen 3.5 percent in the
first quarter of 2011, some companies are choosing to hand their keys to the
creditors and walk away.

If
you or someone you know are struggling in this tough economy, or are facing
aggressive creditors on a daily basis, then bankruptcy may be the
answer.   Call the attorneys at
Berry & Associates today to review your options. Your initial consultation is free, and all information is kept strickly confidential.  

 
Posted at 15:26 PM
Topic: Bankruptcy
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