Can you believe it? In spite of the claimed economic recovery in parts of the country, both consumer and commercial bankruptcies are up compared to this time last year. The American Bankruptcy Institute (ABI) reports that August of 2016 was the tenth consecutive month showing a year-over-year increase from 2015 in business bankruptcies.
The increase in consumer bankruptcies was a modest one, but it's still indicative that many people in our country continue to struggle with unmanageable debt.
The numbers don't lie
While it is true that parts of the country have rebounded, there are still many areas feeling the lingering pain of the recession. Too many people continue to find there is too much month left over after the pay check is gone. One big, unplanned expense (like a car accident, loss of job, divorce or medical costs) can easily be the proverbial straw that breaks the camel's back.
The big picture of what is going on in the economy is of little comfort when it is you receiving the constant barrage of creditor calls or harassing collection mail. Regardless of why you are struggling with debt, you don't have to do it alone. Bankruptcy may be the solution for you even if you may not have even considered it as an option in the past.
Stop worrying about who is on the phone or what you are going to find in your mailbox. Make the decision to find out what is best for you and do it now.
Put an end to creditor harassment, stress and fear associated with overdue bills and a pile of debt that you simply cannot pay. Pick up the phone and make the call to Wiechman & Gasper, P.A. today for more information about debt discharge offered by Chapter 7 or Chapter 13 consumer bankruptcy or by a Chapter 11 business bankruptcy. We are waiting to help you. Are you dialing now?