Law Office of Rick Morin, PC

According to this article in the Seattle Times, 35% of Americans have debts that are being reported as delinquent. That means that debts are being pursued by debt collectors.

The article goes on further to say that the amount of debt delinquency has remained constant since the Great Recession. This is concerning because the economy, at least on paper, has been getting better. This tells me that for the average person, the economy hasn’t improved enough to make a real difference.

There are over 140,000 people employed as debt collectors in America. As many of my bankruptcy clients know, these debt collectors can be very persistent. No one likes a debt collector calling, but especially if the collectors are rude, harassing and do not follow the law.

Now one or two past-due credit card bills are not sufficient to force someone into bankruptcy. However, a large amount of unsecured debt that is delinquent is a typical warning flag for me. This is true if you are struggling to make ends meet because of large debt payments.

As a Bankruptcy Attorney in Sacramento, I stand up to annoying debt collectors and banks that charge sky-high interest rates. I can help a family get a fresh start with their finances in less than four months. A typical Chapter 7 Bankruptcy case here in Sacramento will last about 90 days from the day it is filed to the day the bankruptcy discharge is ordered.

Please call my office at (916) 333-2222 if you have any questions about Chapter 7 Bankruptcy. I am happy to help.