Chapter 7 Bankruptcy Statistics
Filing for Chapter 7 bankruptcy has helped millions of Americans overcome their financial struggles and to obtain a fresh financial start. Although a Chapter 7 filing can leave a negative mark on your credit report for several years, you will have the chance to rebuild the score, without the pressure of overwhelming debts. After a period of time, if you handle your finances successfully, you may be able to get loans and receive low interest rates.
Waiting to file may leave you deeper in debt. The time to take action is now, and the Milwaukee Chapter 7 bankruptcy attorneys at the DeLadurantey Law Office, LLC, are prepared to help. We can help you understand the benefits of Chapter 7 and how the process works. We can determine whether you are eligible and help you with the complicated paper work. Contact an attorney today at 414-377-0518 for a free consultation.
The Numbers
If you have fallen deep in debt and are struggling to make payments on your loans, you are not alone. You should not blame yourself for the downward spiral of our economy or punish yourself for your past mistakes. The following are statistics that may ease your mind:
- In 2010, almost 1,600,000 people filed for Chapter 7 bankruptcy
- This constituted an 8% rise in Chapter 7 filings between 2009 and 2010
- The majority of Chapter 7 filers have income below their state’s average
There are many ways to recover, and a skilled and experienced attorney can help you to better understand and appreciate the potential advantages and disadvantages of one particular method over another.
Contact Us
For experienced bankruptcy representation, contact the Milwaukee Chapter 7 bankruptcy attorneys at DeLadurantey Law Office, LLC, by calling 414-377-0518.