Bankruptcy Filings and the New Unemployment Statistics
By Roberta Robinson
Welcome to our Tulsa Oklahoma Affordable Bankruptcy Law Attorney Legal Blog. We have streamlined our business so we can make chapter 7 bankruptcy affordable for you starting at only $699.99. We invite you to call us for a FREE Consultation to see if Bankruptcy is the right option for you. Check out our website at https://www.robinsonlawpc.com/bankruptcy-2 for more information.
The new job market figures released in May indicate the total unemployment rate is up to 14.5% and the number of unemployed still looking is up to 8.2%. While people were optimistic in March with figures of new jobs added at 143,000 in March, we saw a decline in the United States of new jobs added to only 77,000 in April and 69,000 in May. Many theories abound as to the cause of the decline in the job market but the reality is that this is a tough situation for anyone who has faced a layoff or “down-sizing”.
Many professionals have been forced to downgrade their income to survive or to go into business for themselves. In Tulsa, Oklahoma Bankruptcy filings have remained pretty steady this year. There were 232 filings in January, 276 filings in February, 386 filings in March, and 292 filings in April. This is certainly down from 2005 when over 2 million people filed prior to November 1 when the Bankruptcy Abuse Prevention and Consumer Protection Act went into Law. However, Bankruptcy filings have been steady since the economic downturn of 2006. In Northeastern Oklahoma we have averaged 3500 to 5000 a year for the last three years.
If you are a single person on social security you qualify for our low chapter 7 bankruptcy attorney fee of $699.99. That includes your credit report. The Court Filing Fee is $306.00 at the current time. The credit counseling class that you have to take is usually only $30.00. Generally, the chapter 7 bankruptcy attorney fee for a single employed person who qualifies under the means test is only $799.99. If you need to make payments we can work with you. We offer a FREE Consultation for you to review your situation with us to determine if bankruptcy is the right option for you.
