Fliegen Works Inc. | Aeronautical Engineers – Portland, OR – USA

Archive for March 2013

Declaring bankruptcy can feel like a big step in the wrong direction.

What Are the Odds of Losing Everything You Own In a Bankruptcy?

The odds of losing your home in a bankruptcy are enormous. You may consider this a low probability, but it is actually an extremely high number.

According to bankruptcy law experts, about 55% of those filed for Chapter 7 bankruptcy on their own, while 5% filed for Chapter 13 bankruptcy on behalf of someone else.

This means that 85.6% of all bankruptcies are filed under Chapter 7.

According to federal statistics, of the 1.1 million Americans that filed for bankruptcy in 2013, approximately half of those debts were for debt incurred to pay medical bills.

10 Most Exaggerated Reasons Bankruptcy is Rare

People often assume that bankruptcy is a dangerous thing.

While it is certainly not a path to riches, it may surprise you to know that bankruptcy is actually rather common.

It is also fairly rare for someone to go through the process multiple times, and more often than not, the process is quick and effective.

If you feel that your circumstances have changed, if you are in dire straits, or if you just want to ensure you aren’t facing bankruptcy in the future, consider speaking with a local bankruptcy lawyer.

The answers you receive from a lawyer will inform your future, and they will be someone who genuinely cares about helping you achieve financial freedom.

Are You Ready to File For Bankruptcy?

There is nothing more important than being able to afford your basic necessities when faced with a sudden emergency.

If you need immediate help with your financial situation, we provide a free consultation to discuss your options, case management, and other strategies you can use to fix your financial problems.

You can reach our team today to schedule your free, no-obligation consultation.

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