While it’s common for people to associate bankruptcy with many different stigmas, bankruptcy is actually the perfect opportunity to attain a fresh financial start. In fact, many people who have filed bankruptcy in the past later report that they have experienced personal growth, and that they are able to manage their finances.
Many bankruptcy myths and negative associations are a far cry from what bankruptcy is actually about. For example, many people wrongfully assume that those who file for bankruptcy are doing so because due to poor financial management skills. However, according to he America Journal of Medicine, more than half — 62% — of bankruptcy filings in the United States are due to illness or medical bills. In addition, a 2011 study found that 60% of bankruptcy filers earn salaries of less than $30,000.
If you find yourself considering bankruptcy it’s important to push these negative associations aside and find a bankruptcy lawyer to help you separate fact from fiction. There are several ways in which to find a bankruptcy lawyer in your area. You’re state’s bar association, for example, can prove to be a valuable resource when trying to find a local bankruptcy attorney. They can provide information as to the educational backgrounds of local bankruptcy lawyers, as well as their success rate.
In addition, keep in mind that some of the best lawyers for bankruptcy do little to no advertising. Instead, they may rely heavily on the personal recommendations of their satisfied clients. Therefore, it’s important to ask family members and friends if they can help you in choosing a lawyer.
Also, your employer may be able to help you when choosing an attorney. Many employers offer Employee Assistance Programs. This program may be able to refer you to a bankruptcy lawyers in your area and provide you with important information .