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Who Files for Bankruptcy?

Who Files for Bankruptcy?

All kinds of people from all walks of life, file for bankruptcy. Over 1.5 million people from last year, filed for non-business bankruptcy. It is a very tough, agonizing decision an individual makes when deciding whether to file or not. Usually when one decides to file, they are overwhelmed with debt. Their financial resources cannot meet the demand their debt places on them.

When declaring an individual is able to wipe away some debts or pay a much lower portion over a period of time. Because it can have a long and lasting effect on individuals who declared and should be used as a last resort. There are many reasons why people may file for bankruptcy. It may be because of a medical catastrophe, lost of job, divorce or bad investment. Most are honest individuals who got caught up in a bad situation and are longing for a chance to start over.

If you have a question regarding Bankruptcy in California please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and that we can quickly determine if you’re a professional candidate for bankruptcy.

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