It's Hard To Classify Who Needs A Kansas City Bankruptcy Lawyer

If you asked most people, they probably have an idea of who it is that uses bankruptcy lawyers the most. Sometimes these ideas can be a hindrance for those who want a fresh start, but refuse to fall under a stereotype they have in their minds. Avoiding a consultation with a reputable Kansas City bankruptcy lawyer serves you in no way. You spend months and sometimes years dealing with immense stress and pressure, while never being able to conquer the debt that holds you back. If you look at the actual statistics, there are people from every walk of life who utilize bankruptcy services at some point or another.

Everybody makes mistakes. Whether you are in a bad financial situation because of overspending on a credit card or because of an unforeseen chronic illness, a bankruptcy can help you say goodbye to the past and move on into a brighter future. Research shows that today, there are more older, married people filing for bankruptcy than before. Even though you try to plan for the future, you can't know exactly what is in store for you. A financial crisis can not always be saved for or predicted. While some have simply been irresponsible with finances, there are many others who prepared as much as they could, and were still caught off guard by unforeseen circumstances.

Bankruptcy rates are nearly evenly distributed between men and women. While in the past being married may have helped keep you from filing, that number has gone up in the past several years. More than 64 percent of filers in 2010 were married, while 17 percent were single, 15 percent divorced, and 3 percent widowed. Although married couples are typically more fiscally responsible, they also usually have greater financial demands and commitments. People try their best to plan for the worse. However, it doesn't always pan out the way people think it will.

Education does play a role in bankruptcy rates, although there are people from all types of education backgrounds who end up filing. 36 percent of people who filed in 2010 had a high school education. There were 29 percent who had attended some college. Those with a bachelor's or higher came out at 20 percent. The largest growth in filings was seen in those with higher education, who saw a growth of 16 percent in just four years. The moral of the story is that those from all backgrounds and walks of life find themselves in need of help from time to time.

A final contributor to bankruptcies is income. Sixty percent of people who earn a salary of less than $30,000 a year filed for bankruptcy. Income doesn't tell it all, however. Those who earned more than $60,000 a year and filed for bankruptcy grew by four percent. Having more money at your disposal is definitely helpful in keeping your head above water, but there are still financial crises you can not afford. There are a wide variety of people who find themselves in tough financial situations, and the best thing to do is to hire a Kansas City bankruptcy lawyer to help you out.

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