Consumer Bankruptcy Filings Continue to Rise
Just got back into my Tigard office from a short 341 Chapter 7 Hearing and saw this article in my inbox. Just like last month consumer bankrutpcy filings, both Chapter 7 and Chapter 13's, continue to rise.
"Consumers continue to turn to bankruptcy as a shield from the sustained financial pressures of today's economy," said Samuel Gerdano, the executive director of the American Bankruptcy Institute. "As a result, we expect consumer filings to top 1.4 million this year."
At this pace its going to be a busy year for bankruptcy lawyers and a sign of continued tough times for our country.
