subject: San Diego Bankruptcy On The Rise [print this page] San Diego Bankruptcy On The Rise San Diego Bankruptcy On The Rise
San Diego bankruptcy lawyers are seeing many more clients than they were last year. The statistics on San Diego bankruptcy are high and getting higher. Thought to have a more stable economic environment than many places and regions, it is now evident that no region of the country is immune to the havoc that has been dealt out by the Great Recession. San Diego bankruptcy rates are up quite a bit year to date. Many people are finding that they have to reorganize their finances. Often this is through no fault of their own. Sometimes a job was lost or there was a sudden expense or maybe a mortgage payment was suddenly increased. No matter what the reason, there has been a flood of people coming into lawyers to have them work with the courts to get them back on a better financial footing. Many people arrive at their lawyer with no plan. They are mostly in shock. Just months prior they were solid, bill paying citizens. They were meeting the mortgage payments, the credit card bills and the college tuition without a problem. But then maybe a job was lost, or there was an unexpected medical bill or even the credit cards increased the minimum payment and interest rates. This tipped them over the edge. So they had to search for lawyer. This can be as easy as talking to family member or relatives. It might be surprising to find how many people have had to seek out help with their finances, and that includes family and friends. You may be advise to file Chapter 7 or Chapter 13 consumer bankruptcy, or your advice may be more conservative. You may be told to sell some assets or get a second job. No matter what the advice, it is a sure bet that someone on your very block, besides you, is reorganizing their finances. One by one it is a procedure that is helping to stabilize the local economy.
