subject: Bankruptcy Lawyers: What They Will Do For You [print this page] Bankruptcy Lawyers: What They Will Do For You
Although the new bankruptcy laws have made it harder to file for bankruptcy by dragging out the process with qualifications to even qualify to have all your debt wiped clean, although it may discourage some to declare bankruptcy, bankruptcy lawyers still have their hands full with work. Although the new rules were enforced October 17, 2005, in the year 2009, it was estimated that around 300 million people filed for bankruptcy in the United States. Out of that 300 million, only about 15 million were non-business related, but that number could be close to double if you count individuals, since spouses count as one filing.
So, even counting couples as one filing, for every 212 people in America, one filed for bankruptcy, and that is just for the non-business related! So, as you can see, bankruptcy lawyers are as busy as ever, and as if they weren't busy enough, the new rules of bankruptcy makes them that much more busy since with the new qualifications people must go through, they have a lot more work to help you out with, not to mention, the bankruptcy process taking much more of their time now.
Not only that, but bankruptcy lawyers may have to assist with payment plans at the end of the process as well if the person is not qualified to have all debt removed. So, although bankruptcy lawyers do a lot more for you now because they have to with the new rules, and they will be spending a lot more time with you because of how much longer the process takes, they are also a lot more expensive now too. It is therefore a good idea to check the cost of bankruptcy lawyers before making the definite decision if bankruptcy is right for you. It would also be wise to explore payment options as well when thinking of hiring a bankruptcy lawyer.
