In an article published April 10, 2012 by the Jacksonville Daily Record it’s reported that bankruptcy filings are on a decline. Is this decline because of a better job market, stabilizing economy or just because it had to taper off sometime? I would disagree with all three. After sitting day end and day out listening to clients with financial problems I believe that people are just giving up. They are just not filing because they believe their credit and financial situation can’t get any worse. People are just hitting rock bottom and not doing anything about it. Other people just can’t afford to pay an attorney and court cost of over $1,400.00-$2,500.00 to file for bankruptcy protection. I back my two comments up with my firms bankruptcy filings and the number of people coming into my office each day for consultations. We are one of the last firms to offer payment plans for chapter 7 bankruptcy. Payment plans and lower cost to file for bankruptcy protection allows my firm to steadily increase the number of filings we have each year while the statistics indicated the overall filings are going down.

Please read the article and give me your opinion.

Bankruptcies continue slide in Jacksonville and Middle District

http://www.jaxdailyrecord.com/showstory.php?Story_id=536141