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In 2004, 1,562,174 Americans sought protection from creditors through bankruptcy court - a per capita rate over ten times higher than during the worst years of the Great Depression! According to the Consumer Federation of America, in 2003 alone over 9 million consumers made initial calls with a credit counseling agency and in 2004 close to 2 million consumers were actually enrolled in varying types of assistance plans. These numbers clearly indicate that personal debt in the United States is higher than it has ever been and financial stress is very much a reality for millions of Americans, across all Click here to read more from this article
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Law grads go to court for bankruptcy protection (Reuters) - When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove - in her own case. Shortly before graduating from the University of Maryland School of Law, the 26-year-old Valle, burdened with 0,000 in student debt and with no immediate job prospects, filed for Chapter 7 personal bankruptcy protection. "I was really ... Fri, 03 Feb 2012 07:25:45 -0800
Senior Bankruptcy Lawyer Joins Fulbright as Partner in New York A senior bankruptcy lawyer has joined the international law firm of Fulbright & Jaworski L.L.P. Tue, 31 Jan 2012 15:24:00 -0800
Financial Services Attorney Frank Albear Joins LaBovick Law Group PALM BEACH GARDENS, FL-- - LaBovick Law Group is pleased to announce that Frank M. Albear, Esq. has joined the firm as the new head of financial services.Mr. Albear focuses on cases involving mortgage ... Wed, 25 Jan 2012 07:18:00 -0800
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According to the American Bankruptcy Institute "household debt is at a record high relative to disposable income." The Administrative Office of the U.S. Courts reported that the number of filings for the year ended March 31, 2003 "exceeded 1.6 million for the first time in any 12 month period," a 15.1 percent increase from the previous year.
There are two basic types of personal bankruptcy: Chapter 7 and Chapter 13. Chapter 7 Bankruptcy and Chapter 13 are legal proceedings that are available to a person to cope with a financial crisis. Personal bankruptcy must be filed in a Click here to read more from this article
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