Discovering The Truth About People Who Need Kansas City Bankruptcy Lawyers

The truth is that most people think they know who is most likely to file for a bankruptcy. 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. 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. The reason for your bankruptcy should not influence whether or not you seek out professional help. Whether you put too much on credit cards or went through a recent divorce, you can still find the help you need to live out a bright future. More and more people who are filing for bankruptcy are older, more responsible and married. Financial planning and foresight is so vital for families. But it doesn't always protect you from each and every circumstance in life. Being irresponsible with money can certainly affect your chances of needing a bankruptcy at some point or another. But it is not the only factor.

Men and women file for bankruptcy at a near even ratio, with the numbers being 48 men to 52 women respectively. While in the past being married may have helped keep you from filing, that number has gone up in the past several 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. Although married couples are typically more fiscally responsible, they also usually have greater financial demands and commitments. The truth is you never know what the future can bring.

Education does play a role in bankruptcy rates, although there are people from all types of education backgrounds who end up filing. The highest percentage of filers had a high school education level at 36 percent. 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. 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 was shown to influence bankruptcy filings. Around 60 percent of those who needed a bankruptcy made less than $30,000 annually. Interestingly, the number of those who make over $60,000 annually and filed for bankruptcy grew by around 4 percent. More money is a big help in keeping up with living expenses. But it can't help with every financial need, especially unexpected ones. 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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