The creditors keep calling, every day, all day. They want money you just don’t have. It’s not like you have
been frivolous with your money. You were getting by just fine until you lost your job. Or maybe it was that health issue that insurance didn’t quite cover, or didn’t cover at all. Maybe there was a car accident where
you got hit by an uninsured driver and you had to pull funds from elsewhere in your budget to get a replacement vehicle so you could still get around town.
Whatever the reason, and there are many to pick from, people all over the country and state of Idaho are struggling. You are not the only one. Perhaps you have considered filing for bankruptcy, but you feel ashamed. You shouldn’t be. Consider this:
- In the twelve-month period ending September 30, 2012, there were 1,2161,140 bankruptcy filings in the United States. Of those, 845,470 were nonbusiness Chapter 7, which is the most common bankruptcy for individuals and essentially wipes out almost all debts, allowing the debtor to start fresh.
- Oh, but those people are elsewhere in the United States and your neighbors in Rexburg or other parts of Idaho seem to be doing fine? After all, they’re driving a new car and there house is decorated nicely. Not so fast. During the same time period, 6,690 bankruptcies were filed in Idaho, with 5,697 of those were nonbusiness Chapter 7.
- There are approximately 1.6 million people in Idaho. About 1.17 million of those are adults, meaning one in every 205 people in Idaho have filed for bankruptcy in the past year.
How many people live in your community? You can do the math. If the figures hold true in Rexburg, around 75-85 people* have filed for bankruptcy in the past year. That’s each and every year lately, as bankruptcy filings have held fairly steady. So people are filing for bankruptcy, they just aren’t necessarily telling all their friends and neighbors.
What your fellow Madison County and Idaho residents are doing, is enjoying the fresh start that comes from bankruptcy and the end of those annoying phone calls from creditors. Are you ready to take the next step and be able to breathe again? If so, call Ryan Ballard at 208-359-5532 to see what I can do to help you on the path to financial freedom.
*excluding BYU-Idaho students from the population figures