Archive for October 25, 2013

What Does It Mean to File for Bankruptcy?

Written by admin on October 25, 2013. Posted in File for bankruptcy online, Filing for personal bankruptcy, Should i file for bankruptcy

When to file for bankruptcy

Thanks in large part to the Great Recession, Americans are living in more financial distress than ever before. As ABC News writes, 76% of Americans are living paycheck to paycheck, often unable to pay the most essential of bills. This is likely the main reason why bankruptcy filings have been increasing over the last couple of years.

According to the American Bankruptcy Institute, California alone had nearly 50,000 bankruptcy filings in Q2 of 2012. Oregon had over 12,000 from Q1 to Q3 of 2012. In July 2013, there were 87,684 bankruptcies filed across the United States. Clearly, Americans need help. If you are one of the thousands of Americans asking “can I file for bankruptcy”, then there are many things you need to consider. Namely, you need to know what sort of bankruptcy you may be eli