A Poor Economy Leads to a Windfall for Consumer Bankruptcy Attorneys and a 300% Increase in Chapter 7 and Chapter 13 Petition Preparations for Perfect Petitions
Summary
As a result, it generally is too late in the process to work with the creditors, leaving only one option for financial relief: bankruptcy." Although he welcomes the work, Mr. Hastings also states that it is "deeply disturbing" that the Congressional rule enacted in 2005 appears to have little impact on reducing the amount of Bankruptcies filed, but acknowledges that the rule did nothing to address the "foundational financial issues" which lead many Americans to seek bankruptcy protection, such as increasing medical cost, double-digit unemployment, substantial reductions in long-term investment worth and increasing foreclosure filings."I have had several attorneys who have never filed a Bankruptcy Petition call my office for assistance, as I believe they realize there is a unique opportunity to increase their practice and add clients who can potentially utilize their other legal services in the future," states Mr. Hastings.### Denver, CO, August 13, 2010 --( PR.com )-- As the trend for indebtedness is still rising in 2010 and many more Americans are seeking Bankruptcy Protection to shed mountains of debt, consumer bankruptcy attorneys now find that they cannot keep up with the tidal-wave of clients who are pouring into their offices.Bankruptcy filings have continued their increase substantially, nearing 379,000 for the first quarter of 2010, an increase of 17 percent from the first three months of 2009."I have had several attorneys who have never filed a Bankruptcy Petition call my office for assistance, as I believe they realize there is a unique opportunity to increase their practice and add clients who can potentially utilize their other legal services in the future," states Mr. Hastings.For the foreseeable future, it appears that consumer bankruptcy filings will continue to increase, at least until something is done to address the issues in the financial market that have lead to such an influx of filings.### Contact Information Perfect Petitions, LLC Michael Hastings 720-227-6182 www.perfectpetitions.com 877-340-2820 Click here to view the list of recent Press Releases from Perfect Petitions, LLC Promote Your Business Press Release Pricing Email this page to a friend