• Contact a Bankruptcy Law Firm to Have Your Questions Answered

    Bankruptcy lawyer eastern oklahoma

    Over 1.5 million people, on average, file for bankruptcy in a given year, according to U.S. Bankruptcy Court statistics. In 2014, for example, 3% of these were business-oriented bankruptcies and 97% were personal.

    Given that less than one-in-four people in the United States have six-months worth of savings to cover the cost of living in the event of an emergency, these statistics are not surprising. It’s estimated that 27% of Americans don’t have any savings. Furthermore, approximately 75% of Americans live pay-check-to-pay-check.

    Potential Reasons to File Personal Bankruptcy

    When should someone seek the counsel of lawyers to determine if they need to file for bankruptcy? There are several situations in which a bankruptcy attorney’s counsel may be advised.

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