Orlando Bankruptcy Law Firm Clark & Washington Discusses National Bankruptcy Filings & Debt for 2011

    ATLANTA, GA, April 24, 2012 /24-7PressRelease/ -- Orlando bankruptcy attorneys Clark & Washington have received data on the national rate of bankruptcies and overall consumer debt for 2011.

Our great nation struggled through an extended recession in 2011, and many families acquired more debt than they could manage in trying to keep their families afloat and their homes from foreclosure. Many families realized that filing for personal bankruptcy was their only hope to escape their growing mountain of debt and start on the path to a more financially solvent future.

In 2011, consumers filed for a total of 1,001,813 chapter 7 bankruptcies and 413,699 chapter 13 bankruptcies. The average consumer had $210,236 in debt, which includes credit card debt, mortgages, and automobile loans.

Many Orlando residents are facing debts similar to the impressive average debt American consumers carried in 2011. It may seem like an endless cycle of debt, especially when your debt is several times your personal annual salary. The Orlando bankruptcy lawyers at Clark & Washington want those considering Orlando bankruptcy to know that there is no shame in seeking a more solid financial future through Orlando chapter 7 or chapter 13. Your Orlando bankruptcy attorney at Clark & Washington will give you the respect you deserve and the expertise you need while filing for bankruptcy in Orlando.

Clark & Washington offers transparent pricing for its Orlando bankruptcy clients and provides credit counseling to encourage future financial stability. To learn more about bankruptcy in Orlando or to schedule a free consultation, visit Clark & Washington online at http://www.orlando-bankruptcy-help.com.

About Clark & Washington

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the southeast. They have locations in Georgia, Florida, and Tennessee. Clark & Washington specializes in personal chapter 7 and chapter 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information visit: http://www.orlando-bankruptcy-help.com.

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