Who Do Kansas City Bankruptcy Lawyers Help The Most?

A lot of people have misconceptions about the reasons people need to file for bankruptcy, and who files the most. This type of thinking can keep people from reaching out for the help they need. The only thing that avoiding help from a Kansas City bankruptcy lawyer does is to keep you from moving on past your life of debt and into a better life. To the surprise of many, bankruptcy is a necessity for people from all walks of life, with a wide variety of financial situations and a story that led them to the point where they are currently.

Everyone deserves a second chance. You may have gone through a divorce, had unexpected medical bills come up, or spent too much on credit cards, but you owe it to yourself to fight for a better future. Older, married couples are not immune to bankruptcy, and today there are growing numbers of them filing. 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.

The numbers show that men and women file bankruptcy at nearly the same rate, 48 to 52 respectively. Your marital status doesn't protect you either. The number of married couples filing has grown in the past four years. Married couples were the most likely to file, with 64 percent of filings in 2010 being listed as married, 17 percent single, 15 percent divorced, and 3 percent widowed. That is a surprising fact to a lot of people who imagine that married couples have double the income and a more responsible outlook on life. People try their best to plan for the worse. However, it doesn't always pan out the way people think it will.

Getting a good education doesn't totally prevent you from falling into a financial crisis later on. There are people from representing every educational background. Of those who filed in 2010, 36 percent 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.

Income has a major influence on whether or not you'll need to file for bankruptcy or not. Around 60 percent of all bankruptcy filings were given to people who made less than $30,000 a year. Income doesn't tell it all, however. Those who earned more than $60,000 a year and filed for bankruptcy grew by four percent. While making more money can help you pay off debts and avoid being overwhelmed by surprise expenses, it can not protect against everything. There's no reason to feel ashamed or put off talking with a bankruptcy lawyer in Kansas City. Regardless of who you are, how much you make, or how prepared you tried to be, help is there when you need it most. Don't hesitate.

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