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“ Craig D. Robins, Esq., has been a practicing Long Island bankruptcy attorney for over twenty-four years ”
Written by Craig D. Robins, Esq.Even though some economists recently suggested that the recession may be abating, such projections weren’t apparent in figures just released showing that personal bankruptcy filings have reached 1.25 million for the one-year period ending June 30, 2008, an increase of 34% over the year before.
As I reported previously, we are on our way to a record high number of filings not seen since the bankruptcy laws were changed in 2005. See Bankruptcy Filings Returning to Pre-Amendment Levels .
Many of my Long Island bankruptcy clients complain that they are no longer able to refinance their homes or get additional credit, a situation where filing bankruptcy becomes the only reasonable solution for dealing with excessive credit card debt. When you add job loss and other unexpected life events, paying credit card debt for Long Islanders can become impossible.
More from Long Island Bankruptcy Law Firm Blog
- Bankruptcy Filings Returning to Pre-Amendment Levels
- Rate of National Bankruptcy Filings Now Over One Million a Year
- Bankruptcy Filings Surged in 2008
- Long Island Business Bankruptcy Filings Skyrocket
- Record Foreclosure Filings — Major National and Long Island News
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- Record Foreclosure Filings — Major National and Long Island News Written by Craig D. Robins, Esq. There were articles...
- Rate of National Bankruptcy Filings Now Over One Million a Year Written by Craig D. Robins, Esq. A few weeks...
- Long Island Bankruptcy Lawyer Craig Robins Quoted in Newsday Article About Increase in Bankruptcy Filings Written by Craig D. Robins, Esq. Bankruptcy filings...
- Bankruptcy Filings Returning to Pre-Amendment Levels Written by Craig D. Robins, Esq. Last month,...
- Long Island Business Bankruptcy Filings Skyrocket Written by Craig D. Robins, Esq. Business bankruptcy...
