Top Users Of Kansas City Bankruptcy Lawyer Services

A lot of people have misconceptions about the reasons people need to file for bankruptcy, and who files the most. Sometimes these ideas can be a hindrance for those who want a fresh start, but refuse to fall under a stereotype they have in their minds. 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. If you look at the actual statistics, there are people from every walk of life who utilize bankruptcy services at some point or another.

Everyone deserves a second chance. Whether you are in a bad financial situation because of overspending on a credit card or because of an unforeseen chronic illness, a bankruptcy can help you say goodbye to the past and move on into a brighter future. In the past, older married couples were less likely to file for a bankruptcy. Those numbers have changed. Even though you try to plan for the future, you can't know exactly what is in store for you. Although there are people who file for bankruptcy due to irresponsible financial management, there are plenty of others who planned and saved and still wound up in a bad financial situation.

Bankruptcy rates are nearly evenly distributed between men and women. While in the past being married may have helped keep you from filing, that number has gone up in the past several years. In 2010, the breakdown for marital status showed that 64 percent of people who filed for bankruptcy were married, 17 percent were single, 15 percent divorced, and just 3 percent were widowed. Although married couples are typically more fiscally responsible, they also usually have greater financial demands and commitments. Even with the best planning, it's impossible to know how every situation will turn out.

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. The highest percentage of filers had a high school education level at 36 percent. While 29 percent listed that they had some college, 20 percent had earned a bachelors or higher. The largest growth in filings was seen in those with higher education, who saw a growth of 16 percent in just four years. No one is completely immune from a bankruptcy, regardless of how educated you are.

Income has a major influence on whether or not you'll need to file for bankruptcy or not. Around 60 percent of those who needed a bankruptcy made less than $30,000 annually. Surprisingly, the amount of people who earned over $60,000 a year in salary and filed for bankruptcy grew by four 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.