Financial problems can snowball and quickly get out of hand. If you find yourself in a desperate money situation and think that you need legal advice, it is better to call a bankruptcy attorney sooner rather than later.
The latest statistics show that there were 936,795 total business and non-business bankruptcy filings in the year 2014. This means that nearly one million individuals or businesses were likely at one point or another considering contacting a bankruptcy attorney.
Since 97.3% of the bankruptcy filings in 2014 were non-business related, most of these bankruptcy cases impacted individuals who were likely responsible for spouses and children, as well as homes, cars and other possessions. Without the proper legal advice and direction, bankruptcies can have devastating implications that last for years. With legal advice from the best bankruptcy attorney, however, you may be able to find the correct bankruptcy filing that will be less damaging.
Many bankruptcies are the result of enormous, unpaid medical bills. With the help of an attorney, some clients may be able to seek relief from medical bills that could have been the result of a doctor or hospital error. Likewise, some bankruptcies are caused by a work injury that the worker was not properly compensated for.
Whether it is a bankruptcy attorney, a workers compensation lawyer, a personal injury lawyer, a social security attorney, or a medical malpractice attorney who can help you the most, seeking legal advice is often a step in the right direction. Before you file for bankruptcy, make sure that you have explored all of your other options.
Only 2.7% of the bankruptcy filings in 2014 were business related. The remaining cases were personal filings. Before becoming one of the nearly one million people who file for personal bankruptcy, make sure that you have explored all of the other legal options that might be available to you.
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