Who is Filing For Bankruptcy?
Are you considering filing for bankruptcy? Are you nervous that this not something that is happening to other people in your life? You are not alone in deciding if you need to file for bankruptcy, and there is a wide range of people with varying ethnicity, age, education, and income that are facing the decision if they need to file chapter 7 or chapter 13 bankruptcy.
The video below breaks down the statistics of who is filing for bankruptcy across several different variables. A statistic to highlight is the growing number of the 18-34 age group that is filing for bankruptcy. 20% of all people filing for bankruptcy fall within this age range. Another statistics also shows that bankruptcy is not limited to those without a college education. More than 50% of all people who have filed bankruptcy in recent years have had some form of college education.
You are not alone in your question of whether or not you need to file for bankruptcy. Contact the attorneys at Pinkston & Pinkston, P.A. to get advice specific to your financial situation. We can be reached via our website or over the phone at (888) 592-0158.
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