Who Exactly Files for Bankruptcy?
Many people seek legal aid to help them relieve their debts and get back on their feet. In fact, the typical filer may not be what you expect - nearly half are couples filing jointly, the average age is 38 and most people who file are well-educated.
Why Seek Legal Aid for Debt Relief?
So why are all of these people looking for legal aid to absolve their debt? They're just like you. Many people file due to:
- Medical bills, even for those with insurance
- Job loss
- Fiscal irresponsibility
- Prevention of foreclosure, repossession or the burden of repayment