You Can't Stereotype People Who Use Kansas City Bankruptcy Lawyers

All of us have stereotypes. Deciding who is most likely to need a bankruptcy is no different. Avoiding a bankruptcy because you don't want to be stereotyped can have dire consequences. 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. 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.

Just because you've made a mistake doesn't mean you don't deserve another opportunity. 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. In the past, older married couples were less likely to file for a bankruptcy. Those numbers have changed. Planning for possible future scenarios is important, but it doesn't always cover what you need it to. 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.

Men and women file for bankruptcy at a near even ratio, with the numbers being 48 men to 52 women respectively. More married couples have filed for bankruptcy than in previous times. 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. No matter how much you plan, the future is unpredictable.

There are people represented by all levels of education in bankruptcy filings. The highest percentage of filers had a high school education level at 36 percent. A full 29 percent had some college education, and 20 percent had a bachelors degree or higher. In four years, those with higher educations who filed has spiked tremendously. The numbers have risen by 16 percent. No one is completely immune from a bankruptcy, regardless of how educated you are.

Income was shown to influence bankruptcy filings. 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. No matter who you are, how much you make, or how educated you are, bankruptcy can become a need. Reach out and find a good Kansas City bankruptcy lawyer to help you get out of a tough time, and move on with your life.

For additional information on bankruptcy attorney Kansas City visit this page.