Personal Bankruptcies Drop in Ohio

Bankruptcy filings for the residents in the Miami Valley of Ohio has reportedly dropped 13 percent to 3,265 filings. According to reports, filings fell for the first time since 2006 and experts believe high unemployment is the reason. It is reported that more and more debtors are not filing for bankruptcy protection to keep their wages from being garnished because there are simply no wages the creditors can collect from the unemployed. Experts predict that the number of filings will rise after the credit market thaws, people seek better credit opportunities and when the unemployed begin to find work.

It's never easy to find yourself in the position of needing to file for bankruptcy no matter where you are in life. However, it's important to understand that filing for bankruptcy does not have to be the end, but can be a chance at a new beginning. You need to know that you do have rights to protect during this difficult time, but can do so when you know how to handle your case. You will be able to recover from this difficult part of your life. By working with a bankruptcy lawyer, you will be able to resolve this matter in the most beneficial and timely manner. You can count on an attorney to know how to approach your specific situation and be able to guide you through it. A lawyer will always have your best interest in mind while fighting for your rights. Please take some time today to contact a bankruptcy attorney today to begin discussing the details of your case.