Only You Have to File for Bankruptcy, Right? - Westgate Law

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Only You Have to File for Bankruptcy, Right?

Do you ever feel like you are the only one that is being forced into filing bankruptcy? Do you wonder how everyone else somehow keeps it together, makes ends meet, has all they need and successfully navigates their finances? How is that you are the only person who has to file?

If you are feeling this way, please stop. You are not the only person filing for bankruptcy. You are probably not the only person in your workplace considering it at this very moment. If you don’t believe me, consider this summary of “Who’s Who in 2008 Bankruptcy Filings:”

1.07 million Americans filed for bankruptcy in 2008.

The average filer was Caucasian, 35-44 years old, married, high school educated, and made less than $30,000/year.

52.6% of 2008 filers were female.

17.6% were college graduates with a Bachelor’s or above.

63.4% were employed.

13% were unemployed.

9.9% were self-employed.

8.7% were retired.

4.2% were homemakers.

.9% were students.

8.1% made $60,000+ annually

29.4% of filers were between the ages of 35-44.

73.3% were Caucasian.

There is not set rule about who is going to find themselves in need of a financial solution. Bankruptcy is the answer for many people in many situations. There’s not easy definition of “who files.” You file because you have a problem and you need an answer – a solution.

Call today and we’ll discuss the solution to your financial crisis. At Westgate Law we might not know you yet, but we know bankruptcy and we can make sure you make the most of the options you have available.

About the Author

Justin Harelik

Justin has a singular goal: to get people out of financial distress and move them to financial stability and prosperity. He does this by combining 15 years of in-depth experience in bankruptcy, credit management, debt negotiation and student loan modifications, and he does it with both English and Spanish-speaking clients.

Call Now For A Free Consultation

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