Posted On: April 15, 2011

Personal Bankruptcy Increase

There are many reasons for the personal bankruptcy increase. The biggest reason is we are in the worst recession the United States has seen in many years Layoffs or working fewer hours have made it difficult for some people to meet their monthly obligations. The collapse of the housing market has also helped to cause the personal bankruptcy increase. A lot of houses are worth less now than the money owed to pay off the mortgage. Some people file bankruptcy rather than make payments on a house that is worth much less now than when they bought it. Still other people amass a lot of debt with the intention of filing bankruptcy when the bills become too high. Natural disasters such as floods and unexpected expenses like serious illnesses contribute to the rise in personal bankruptcy.

In 2006 a new law was passed to make it more difficult to file bankruptcy.Under this law individuals filing chapter 7 bankruptcy have to prove that they are unable to pay their debts. In spite of this, bankruptcy filings have increased dramatically.

Bankruptcy can relieve people of many of their debts but it will not change bad habits. Credit counseling can be a useful tool for helping individuals learn to better handle their finances.

If you have a question regarding Bankruptcy in Sacramento please contact us at and we can connect you with one of our experienced California Bankruptcy Attorneys . Bankruptcy Law Firm can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.

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If the courts do not accept your bankruptcy filing because of an error on our part, we will refund 100% of your money, including the filing fee!

At Sagaria Law, PC we want to guide you on the path to financial freedom and realize this is not an easy task for most. We respect your devotion to better your circumstances even with financial hardship and thus are willing to guarantee that if you retain us, we will do everything we can, legally and ethically, to help you become debt-free.

The Fine Print

The Sagaria law guarantee covers everything that a bankruptcy law firm produces in order to successfully complete a bankruptcy filing. We guarantee that it will be done in a manner that is accepted for filing with the bankruptcy clerk's office.

There may be reasons beyond our control that may cause a case to be dismissed. Therefore, the 100% Money-Back Guarantee does not guarantee;

  1. That you will receive a discharge.
  2. That you will receive a discharge of all debts or of any particular debt.
  3. That your case won't be dismissed for reasons not related to the paperwork being accepted for filing.
  4. That you, our client, will successfully complete all of your obligations including accurate disclosure of debts, completing your forms on time and attending your 341 meeting as scheduled.
  5. That you will not lose assets in chapter 7, or that creditors won't successfully argue for the repossession of collateral in chapter 13.
  6. That you will not encounter challenges of any kind to your bankruptcy case.

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