Struggling with Debt Lately? You’re Not Alone!

I am always striving to remove the stigma around filing bankruptcy. Today I am trying to do that by reminding you that more and more Americans are facing the same debt struggles you are.

This Business Insider article outlines a few key metrics that indicate American consumers, like you and me, are in more debt trouble than recent years.

If you’ve been reading any of my blogs since the beginning of the pandemic, you would know that bankruptcy filings have seen a sharp decrease since March, 2020. They continued to decrease all the way until late 2022/early 2023. However, bankruptcy filings have been higher, year-over-year, for each month this year. This upward swing in bankruptcy filings is likely to be exacerbated by the information in the Business Insider article:

• Defaults on car loans have risen above pre-pandemic levels, per the FDIC.

• mortgage rates hit over 7%

• US consumer credit-card debt topped $1 trillion last quarter for the first time ever, according to Fed data. 

My point in writing this blog is simply to remind you that there is relief available. You do not need to live with the stress of debt. You can eliminate it. And it’s a fairly simple process!

The first step is to find out what benefits you qualify for under the Bankruptcy Code: Call/text/email me, Lucas Ruffing, to schedule a FREE phone consultation to come up with a plan to eliminate your debts.

Thanks for Reading,
Lucas Ruffing
Attorney
740-815-1114 (call/text)
LucasRuffingLaw@gmail.com (email)