Bankruptcy Filings Decreased, but that’s not Good!
July total bankruptcy filings decrease 8%. Does this mean that things are getting better for the consumer? Maybe, maybe not. A decrease in filings can come from many things such as economic stability or the inability to afford the high costs of filing such as court costs. Since 2005 the cost of filing a consumer bankruptcy petition has skyrocketed. The average cost is over $350.00 dollars. To a struggling family that can be a significant deterrent in seeking relief. Many consumer debtor’s fear the fees of bankruptcy attorneys, but don’t fully understand the flexibility involved in creating an effective and approved payment schedule by the bankruptcy court. Freedom from debt when it’s the right thing to do is guaranteed. Don’t hesitate to act. Get full information on filing for debt relief.