Posted On: January 1, 2010

Recent Bankruptcy Filings

Sacramento Bankruptcy Attorney reports on recent bankruptcy filings...

News sources recently reported that bankruptcy filings in Sacramento and the Central Valley were at an all time high in 2009. The US Bankruptcy Court in Sacramento released figures that indicate that bankruptcies in the area were up nearly fifty percent from 2008. 45,924 bankruptcy cases were filed in the Eastern district’s federal courthouses in Fresno and Modesto; in Sacramento alone approximately 29,000 cases were filed. One court clerk in Sacramento opined that they are busier than they have ever been in the past.

Among the main reasons for needing bankruptcy protection include home foreclosure, loss of jobs and/or pay cuts. News sources report that unemployment in the Sacramento region currently stand at about 12 percent.

A bankruptcy trustee at the US Bankruptcy Court in Sacramento states that he saw about 70 cases per weekly session in 2009; a significant increase from 2008 when the court was hearing about 30 cases from week. The Clerk at the court predicts that bankruptcy filings are likely to increase in 2010 due to the sagging commercial real estate market.

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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