I enjoy watching, “The Office.” Last season when Michael Scott was facing financial problems and Declared Bankruptcy that was one my favorite scenes—an area of law where I practice was mentioned on TV! What Michael does in this clip is similar to the process many Americans go through in deciding to file bankruptcy. Before “declaring Bankruptcy” they save money, clip coupons, take on a second job, and/or negotiate with the creditors for a lower payment or more time to make a payment. Very few are able to get traction and climb out of the financial hole. At some point the frustration and the anxiety lead folks to “Declare Bankruptcy.”
Many of the people I meet with have “Declared Bankruptcy” long before they walk into my office. The decision has been made that they want out and want out as fast as possible. The only decision that is not been made is are they filing Chapter 7 or Chapter 13.These in office observations are supported by research from the National Bankruptcy Research Center. In 2009 it is estimated that 1.4 million Americans filed bankruptcy. This is a 32% increase of filings in 2008. it is also expected that this number will jump again in 2010. Due to the economy, illness, injury and other factors people are not able to get on their feet.
It is wonderful to see past clients and know that they have been able to get their lives back on track after filing bankruptcy. To see the look of relief people have when they begin to fix their financial problems is one of the best parts of my job.
Contact me today so we can discuss your problems and can begin working on the solution that is best for you and your family.