More Middle Class Individuals Seeking Bankruptcy Protection
Wednesday, 20 January 2010 10:44As we enter the new 2010 year it is becoming more common for regular individuals to seek protection from their ever-rising debts. Statistics shown in a recent AJC Business article conclude that many of the newest bankruptcy filings are from middle class individuals and families.
Along with the statistics, there is a quote in the article from a spokes person of Consumer Credit Counseling who found that many of the recent filers have certain characteristics in common. These common characteristics include an annual salary greater than $40,000, a credit card debt near $40,000, a home-owner, Caucasian and an average credit score of 529.
This is troubling news for everyone who falls under the large umbrella of middle class Americans. Some of these bankruptcies are the result of losing a job, or a spouse unexpectedly passing away. Without that steady income it’s possible for anyone to fall victim to financial distress, no matter how stable your current financial situation may seem right now.
If your debts have gotten out of control, you should seek the one protection that has given so many Americans a fresh start. Call 800-260-1402 right now to speak with a skilled and compassionate attorney at Legal Helpers.




