Common Categories Of People Helped By Kansas City Bankruptcy Lawyers

The truth is that most people think they know who is most likely to file for a bankruptcy. This type of thinking can keep people from reaching out for the help they need. For months or even years, they struggle under the weight of burdensome debt that could easily be dealt with by hiring a Kansas City bankruptcy lawyer. Filing for bankruptcy is a necessity for a wide range of reasons, and is used by people with a variety of different incomes, genders, and marital statuses.

Just because you've made a mistake doesn't mean you don't deserve another opportunity. Your future can be different regardless of what landed you in the financial spot you are currently. Research shows that today, there are more older, married people filing for bankruptcy than before. Financial planning and foresight is so vital for families. But it doesn't always protect you from each and every circumstance in life. While irresponsibility with finances may be one aspect for some filers, there are many more who were taken completely by surprise later on in their lives.

The numbers show that men and women file bankruptcy at nearly the same rate, 48 to 52 respectively. In the past few years, there has also been a rise in married couples needing to file for bankruptcy. Over 64 percent of those who filed for bankruptcy in 2010 were married, including some who filed jointly. Just 17 percent were single, 15 percent were listed as divorced, and 3 percent were 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. The truth is you never know what the future can bring.

Having a great education doesn't necessarily mean you won't hit financial struggles at some point. 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. Shockingly, the number of those with higher educations rose by 16 percent in just four years. Nothing is set in stone. Whatever educational background you come from, bankruptcy may be a necessity at some point.

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. Surprisingly, the amount of people who earned over $60,000 a year in salary 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.