Are you planning to file a petition for a Chapter 7 or Chapter 13 bankruptcy? Were you aware that when you employ the services of an attorney for this process, the success rate for Chapter 7 bankruptcy claims exceeds 95%? When an attorney’s services are employed for Chapter 13 claims, the success rate is 55%.
Business bankruptcies in 1980 comprised approximately 13% of all bankruptcy cases. In 2014, the most bankruptcy filings came from California, Florida, Illinois, Georgie, and Ohio. Of the total number of bankruptcies filed in the United States at that time, 97% were personal and three per cent were business.
Currently, business bankruptcies represent approximately three percent of all bankruptcies. There are over 1.5 million people, on average, that petition for bankruptcy