Who Do Kansas City Bankruptcy Lawyers Help The Most?

The truth is that most people think they know who is most likely to file for a bankruptcy. Unfortunately, a lot of people put off looking into help because they are afraid they will be categorized and stigmatized. Put your stereotypes out of your mind and consider the facts. 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.

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. Older, married couples are not immune to bankruptcy, and today there are growing numbers of them filing. Planning for possible future scenarios is important, but it doesn't always cover what you need it to. 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. 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. 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.

Having a great education doesn't necessarily mean you won't hit financial struggles at some point. 36 percent of people who filed in 2010 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. No matter how much education you have under your belt, a bankruptcy may still be something you need later on.

Income has a major influence on whether or not you'll need to file for bankruptcy or not. The vast majority, 60 percent, of those who file for bankruptcy make less than $30,000 a year. 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'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.