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Insolvency Statistics and 2010 Prospects

Insolvency Statistics and 2010 Prospects
"This year, new bankruptcy clients and filings have increased for all bankruptcy attorneys in Portland, Oregon.

The number of bankruptcy filings in the United States increased by more than 35 percent in 2009 compared to 2008. The Administrative Office of the United States Courts has released a report indicating that more than 1,300,000 petitions for bankruptcy were lodged during the fiscal year ending in June 2009. The previous year, according to the same office, saw fewer than one million filings.

The vast majority of bankruptcies are filed by consumers. The total number of consumer filings in 2009 was 1,250,000. This represents a 34% increase since 2008.

In 2009, Chapter 11 saw the greatest increase in filings. In 2009, bankruptcy filings increased by 91%.

Unfortunately, there is no sign that the upward trend of new filings will reverse.

Consider hiring an attorney who puts you at ease and understands your situation. Determine whether the attorney is organized, prompt, and collaborative. Last but not least, you should ensure that all fees and payments are settled. This includes ensuring that the business offers free consultations, provides experienced service, and requests that you complete out an evaluation form, etc.

As long as President Obama remains in office and continues to threaten businesses with new taxes, business owners will continue to lay off employees in an effort to remain profitable. As long as President Obama continues to deceive about the state of the U.S. economy, this administration is partly to blame for the mistrust of our economy by foreign nations.

" - https://www.affordablecebu.com/
 

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"Insolvency Statistics and 2010 Prospects" was written by Mary under the Finance / Wealth category. It has been read 97 times and generated 0 comments. The article was created on and updated on 03 June 2023.
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