You are Now Alone – Amazing Bankruptcy Statistics

Las Vegas Bankruptcy

The number of personal bankruptcies is dramatically on the rise. The number of personal bankruptcy filings in the United States increased from 660,000 in 1989 to 1,490,000 in 2001. Those one and a half million bankruptcy filings in 2001 represent one percent of all households in the country!

So what happens to that million and a half people a year? Do they go to prison for their mistakes, lose everything, and live in shame for the rest of their lives? Of course not. Fortunately, over the last hundred years or so, the United States (and most other countries) has developed laws that take a more benevolent approach to the problem. The primary goal of modern bankruptcy law is to give debtors a fresh start by simply fixing their debt problems. If you are considering Las Vegas bankruptcy contact an experienced Las Vegas bankruptcy lawyer for your free consultation today.

The reasoning behind the fresh start philosophy is simple: Society is better off if honest debtors get back on their feet again as quickly as possible. Instead of leaving those millions of debtors to rot in prison, bankruptcy laws can help honest debtors recover from their problems and start building a better life for themselves and their families. As a 1934 ruling by the U.S. Supreme Court put it, the purpose of the bankruptcy law is the following:

It gives to the honest but unfortunate debtor…a new opportunity in life and a clear field future effort, unhampered by the pressure and discouragement or pre-existing debt.

If you are having financial hardship and are considering filling for Las Vegas bankruptcy, contact an experienced Las Vegas bankruptcy lawyer at Aaron & Paternoster by calling (702) 384-4111. We offer FREE confidential Las Vegas bankruptcy consultation. Protect your legal rights – contact Las Vegas bankruptcy attorney NOW.

We Are A Debt Relief Agency

Free Bankruptcy Consultation

Call (702) 384-4111

Las Vegas Bankruptcy | Las Vegas Bankruptcy