Cleveland Bankruptcy Attorneys Seeing desperate measures in Desperate Times

Last year alone more than 1.5 million people filed for bankruptcy federal protection. What is of particular interest is that more than one million of them Filers seeking personal bankruptcy protection. This corresponds to about twice the population of the well-populated city in Cleveland Ohio. The city has many successful bankruptcy lawyers in Cleveland, who are eager to process both business and personal bankruptcy. Cleveland Ohio, was founded in 1796 and is said to be the 40th largest city in the U.S.. Entire State Ohio as little less than 50,000 bankruptcy notifications last year. Most of these bankruptcy petitions, approximately 66% were Chapter 7 bankruptcies, while the remaining 34% were Chapter 13 applications. So far, during the month of February alone, there were 103,000 bankruptcy petitions. This equates to about 5,433 bankruptcy cases filed each business day in the shortest month of the calendar year. 

Most bankruptcy lawyers in Cleveland is well aware that there are many visible signs of desperation in the community, trends in this current economic meltdown. For example, desperate times, desperate measures when invoking bankruptcy lawyers in Cleveland can probably expect to not only see an increase in personal bankruptcy filings, it is also an increase in criminal activity. This is particularly evident in a report that summarized a recent study that the crime involved Cleveland as the 7th most dangerous city to live in the USA. Because most crimes are committed out of necessity, can only logical to assume that the current state of the economy has something to do with the reason that crime is rising. When the residents of Cleveland is not ease their financial pressures by filing for personal bankruptcy protection, some have unfortunately resorted to vent their frustrations by committing crime in order to make daily ends meet. This is the case in many parts of the country.