bankruptcy attorneysThe “Truth” about Who Files for Bankruptcy

One of the biggest hurdles we find with clients trying to make that decision to seek professional assistance with regard to their debts and actually consulting with a bankruptcy attorney, is the embarrassment, shame, and failure that they feel because of their current financial predicament. There is this misconception that by filing bankruptcy, it means that they have failed, are a bad person, are not responsible since they cannot pay their debts and will be looked down upon by their friends, family, church and community. If there is only one thing that you take away from the information that we at the Martella Law Firm provide you please let it be this: You are not alone. You are not a failure. You have nothing to be ashamed of. And by reading this and requesting this information, you are taking the first step toward a fresh start for a successful rest of your life.

Thinking About Bankruptcy?

I have yet to meet a client who wanted to be sitting across from me in my conference room to talk about filing bankruptcy. The truth is, you are not alone. According to a 2011 Gallup Poll, the top three biggest financial worries of Americans are: 1.) lack of money/low wages; 2.) healthcare costs; and 3.) too much debt and not enough money to pay debt.

Bankruptcy Statistics for Florida

Here are some statistics from just the last two years for the United States Bankruptcy Court for the Middle District of Florida. Since 2010, for the Middle District of Florida: There were a total of 66,618 bankruptcy filings. To give you some perspective of that number, Raymond James Stadium, where the Tampa Bay Buccaneers play, only holds 65,890 fans, and again, we are only talking about the Middle District of Florida and not the Country. It should be noted that the Middle District of Florida is the second busiest Bankruptcy Court of the 90 Federal Districts in the Nation according to the statistics provided by the Court.
The Middle District stretches across the State starting in Naples and going all the way up to Jacksonville diagonally. Of the 66,618 filings that occurred in 2010, almost half came from the Tampa and Fort Myers Divisions with total filings of 31,735.
While statistics for 2011 dropped slightly, they are still significant numbers with the total filing for the whole Middle District at 53,554 and the Tampa and Fort Myers Divisions at 24,186.
Overall for the year 2010, there were 1,596,355 bankruptcy filings submitted to the Bankruptcy Courts nation-wide in the United States. The national number of filings dropped slightly in 2011 to 1,417,323 filings.

Bankruptcy Provides a Better Future

Based on these numbers, if you think you are alone in your situation, I can assure you that you are not. As you can glean from the above statistics, millions of people have walked down the path you may be about to journey upon, and came out on the other side with a new and better future.

Need Help?

If you’re interested in learning more about the bankruptcy process, contact us today to schedule your free no obligation bankruptcy consultation.