Who Uses Kansas City Bankruptcy Lawyers Most?

If you asked most people, they probably have an idea of who it is that uses bankruptcy lawyers the most. Avoiding a bankruptcy because you don't want to be stereotyped can have dire consequences. In truth, delaying a visit to a Kansas City bankruptcy lawyer does little but keep you from getting out of debt, and stretches out the amount of time you spend under stress and financial strain. Filing for bankruptcy is a necessity for a wide range of reasons, and is used by people with a variety of different incomes, genders, and marital statuses.

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. 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. A financial crisis can not always be saved for or predicted. While some have simply been irresponsible with finances, there are many others who prepared as much as they could, and were still caught off guard by unforeseen circumstances.

Both men and women file for bankruptcies at a near even rate. 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. Being married may mean you make more money, but it also increases the likelihood of you owning a home, incurring debt, and having a higher cost of living annually. 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. Of those who filed in 2010, 36 percent 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. In four years, those with higher educations who filed has spiked tremendously. The numbers have risen by 16 percent. 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. Sixty percent of people who earn a salary of less than $30,000 a year filed for bankruptcy. There was a four percent rise in the number of people who made over $60,000 and filed for bankruptcy. While making more money can help you pay off debts and avoid being overwhelmed by surprise expenses, it can not protect against everything. No matter who you are, how much you make, or how educated you are, bankruptcy can become a need. Reach out and find a good Kansas City bankruptcy lawyer to help you get out of a tough time, and move on with your life.