Archive for January 23, 2014

Thinking about Bankruptcy? Read This Helpful Information Before You File

Written by admin on January 23, 2014. Posted in Bankruptcy attorneys indiana, Bankruptcy law attorneys, Chapter 13 chapter 7

Chapters of bankruptcy

Filing for bankruptcy has been a historical option for U.S. citizens who have accumulated large amounts of debt to settle their debt if they don’t have the income or savings to do so on their own. In fact, 4 U.S. Presidents have filed for bankruptcy: Jefferson, Grant, McKinley and Lincoln. A number of celebrities, including Mike Tyson, Elton John, Willie Nelson, Larry King and Anna Nicole smith have also filed for bankruptcy in the past. In the United States, between quarter 1 and quarter 2 of the year 2012, there were approximately 12,126 bankruptcy filings.

Between 2012 and 2013, the number of bankruptcies in the United States went down by 13 percent. However, as American begins to recover from the recent recession, there are still many people experiencing immense financial difficulties, forcing them