Personal Bankruptcy Totals Highest Since 2005
With the economy only just now beginning to look up a bit, it comes as no surprise that the personal bankruptcy totals for the first nine months in 2009 passed the 1 million mark. This is the highest those statistics have been in the last four years.
According to a figure from the American Bankruptcy Institute (ABI) this same time last year, personal bankruptcy claims were up 35% in 2008. Only 37.6% percent of those filing personal bankruptcy cited job loss as the reason. This year, that percentage is estimated to be significantly higher due to the fact that unemployment reached 9.8% in September 2009.
Are you struggling with your finances? Filing a personal bankruptcy may be the solution for you. Contact a skilled bankruptcy attorney by calling 800-260-1402 today. Don’t wait till things get further out of control to contact us for help. Take that first step now.
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