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Posted On: January 15, 2010

Bankruptcies in Eastern District of California Hit All Time Highs

Sacramento Bakruptcy Attorney remarks on Eastern California bankruptcies....

While the nation has seen a 32 percent rise in bankruptcy filings as compared to 2008, in the Eastern District, the percentage increase is even greater. News sources report that Modesto, for example, has seen a 50% rise in bankruptcy filings. Many local attorneys claim that unemployment plays a significant role in this rising number. For example, counties such as Calavaras and Toulumne; both counties within the jurisdiction of the Eastern District, have unemployment rates of 15% and 13 percent respectively. In these areas, much like most of the nation, signs of economic recovery seem nonexistent.

All too often, when a client comes into our office they are cashed out their retirement or taken huge cash advances to be able to keep their home from being foreclosed upon. While giving up your home can be painful, debtors are advised not to cash out retirements or use credit cards to pay the mortgage. This is because retirement accounts, in particular are protected from creditors getting their hands on it.

Those contemplating bankruptcy in most circumstances need it and should seek the advice of an attorney. Many attorneys are willing to meet clients to assess their situation, and give the consumer some options, one of which may be bankruptcy.

If you have questions regarding Bankruptcy in Sacramento please contact us at (916) 492-6020 in Sacramento or (916) 724-1690 in Roseville for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced Sacramento Bankruptcy Attorneys. After you have spoken with one of our Sacramento bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Sacramento Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or legal debt settlement case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, Sacramento!

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