DC Law Group Clears Up Bankruptcy Myths as Nation Faces High Filing Rates
According to statistics released by the Bureau of Labor Statistics, in excess of five million Americans are currently unemployed and have been for more than six months. Moreover, according to the CDC, 20% of families in America have experienced difficulties paying health care related bills in the last twelve months. Contributing factors reported by 91% of those individuals filing for bankruptcy include excessive medical expenses, unemployment or divorce. In fact, says DC LG Lawyers spokesperson, Americans who undergo large unexpected expenses such as divorce, major illnesses or job loss are the most likely to file for Chapter 7 bankruptcy protection.