What A Marlton Bankruptcy Attorney Sees

What A Marlton Bankruptcy Attorney Sees

What A Marlton Bankruptcy Attorney Sees

A keen Marlton bankruptcy attorney will keep an eye on the local bankruptcy trends in their area. Prominent bankruptcy trends can certainly affect the way that a Marlton bankruptcy attorney operates his or her practice. Seeing bankruptcy rates nearly double over the course of only two years can be alarming to a Marlton bankruptcy attorney. In 2007, the total number of bankruptcies filed in the state of New Jersey was a little over 19,000. Of that number, approximately 63% were filed under a chapter 7 while the other 37% were filed under a chapter 13. In 2008, the number of total bankruptcies in New Jersey increased to about 26,000 with 69% of those opting for a chapter 7 while the remaining 31% decided on a chapter 13. In 2009, a little over 35,000 New Jersey residents sought federal bankruptcy protection. An astounding 77% of that 35,000 chose chapter 7 and only 23% chose chapter 13. This information must be taken into consideration if one is going to be prepared to effectively manage their caseload. It helps to know what you can potentially expect by monitoring the trends in your community. This can help prevent cases from becoming backed up and unattended to. Intense pressure of being overwhelmed and overloaded can cause errors. On the contrary though, bankruptcy attorneys have the opportunity to make the necessary adjustments or accommodations to effectively manage such an increase in bankruptcy filings. Bankruptcy attorneys can do a number of things in order to be ready for the increase in filings. For example, they may expand their hours of operation. Staying open an extra hour later, opening an hour earlier or having a working lunch can help free up more time to handle bankruptcy cases. They may also want to increase their office staff. Hiring an extra set of qualified hands, even if only on a part-time basis, can certainly help manage the caseload.

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