Bankruptcy filings are on the rise in America. The bankruptcy statistics speak for themselves, but the real story is told by the bankruptcy attorneys. If you try to schedule for a free consultation with a bankruptcy attorney you may have to wait a couple days just to get in. There are so many people across the United States who are beginning to see the handwriting on the wall. They now realize that our government is not going to be able to bail us out on this financial meltdown. The national financial crisis has been unfolding for quite some time. The problem will be worse in the weeks, months and years ahead. The credit crisis is going to get worse as more and more banks fear lending money. There are many businesses that need credit to survive. If these businesses are not able tap into their existing credit lines or establish new lines of credit, our world as we know it will never be the same. Many businesses will fall and/or file for bankruptcy protection. With these businesses failing, many will also lose their jobs.
Most of the stigma of Bankruptcy today exists in the head of the individual. You can ask people if they study the list of new bankruptcy filings to ferret out which of their neighbors have or are filing bankruptcy? If you asked this question people would look at you like you are crazy, though they imagine that their neighbors will do that to them if they were to file. Would you think less of your neighbor if you knew they had to file for bankruptcy? Statistically, there is a very strong correlation between bankruptcy and divorce, job loss and illness. These are events largely beyond the control of any individual. Those bankruptcy triggers are not marks of character defects.
Because today's economy is so volatile Americans need to be proactive when it comes to finances. Waiting around to speak to a bankruptcy attorney can sometimes be the difference between having a successful bankruptcy filing or not. Some people continue to make minimum payments and kick the proverbial credit card can down the road only to end up filing for bankruptcy anyways. Looking back in retrospect every one of these individuals regretted spending all that money on debts that ended up being discharged in a bankruptcy filing. It's time that Americans wake up and protect their family's future by speaking to a bankruptcy attorney before it gets too late. In the least it will open someone's eyes to the possibilities and maybe even prevent bankruptcy in their future.