Washington, DC (PRWEB) September 15, 2009
Because of a failing economy and record job losses, many families are contemplating bankruptcy as a solution. Few, however, are aware of the facts about it. True, bankruptcy can clear your debt and may allow you to rebuild your credit - but it is not the solution for everyone. On the other hand, it can be the perfect solution for many.
A new service called WomenBankruptcy.com has recently been launched to help individuals better understand what bankruptcy is, what the benefits and disadvantages are, and whether or not they should file. The service offers a 100% free consultation with a real live lawyer.
Many people consider filing bankruptcy in order to experience relief from debt and protection from creditors. In most cases, the expenses that people seek relief from is credit card debt and mortgage debt. In 2008, more than one million people filed for bankruptcy - a sharp increase from the 800,000 plus who filed in 2007.
Since 2005, there has been a huge misconception that changes to the bankruptcy laws that year meant that bankruptcy was no longer an option for ordinary people. Thanks to the Consumer Bankruptcy Assistance Project and other organizations, that perception is dissolving.
For more details about whether one should file or not, interested ones should visit: