Ohio Named One of Only Two States with Zero Percent Change in Number of Bankruptcy Filings; Columbus Bankruptcy Law Firm Announces Free “Bankruptcy Basics” Information

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New, state-by-state rankings of total bankruptcy filings reveal many states’ figures shot up by double digits in 2010, while only two states, Ohio and Arkansas, had a 0% change over the previous year. The attorneys at Columbus Bankruptcy Law Firm attribute these figures partly to misconceptions statewide and the law firm is now conducting informational sessions to enlighten consumers about the pros and cons of filing for bankruptcy.

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The seriousness in filing for bankruptcy cannot be underestimated.

After three consecutive years of increases, Ohio’s reduction in bankruptcy filings is seen by some as a positive economic sign, but law professionals also believe many Ohioans are simply not aware of the fresh start a bankruptcy can offer. Without relief, those encumbered by debt, in the Columbus area especially, can remain trapped in a financial vicious cycle for years.

Columbus Bankruptcy Law Firm gives struggling area residents the facts necessary to decide if Chapter 13, Chapter 7, or Chapter 11 can bring about the financial stability necessary to begin again. Columbus Bankruptcy Law Firm’s attorneys know that empowered by information, consumers in debt will always make the right choice.

Americans know that filing for bankruptcy is a major decision, with long-lasting implications. Bankruptcy laws are designed to help people who are no longer able to pay their creditors by either liquidating assets to pay their debts or by creating a repayment plan, for a financial fresh start.

Columbus Bankruptcy Law Firm’s informational bankruptcy basics include:

  • Analyzing Your Assets and Debt
  • Protecting Your Rights
  • Dealing with Aggressive Creditors
  • Life After Bankruptcy

Attorney Kenneth L. Sheppard Jr. and the lawyers at Columbus Bankruptcy Law know that every broken financial picture is repairable. It’s how it’s fixed that will vary.

To understand your options, Contact Attorney Kenneth L. Sheppard, Jr. and Columbus Bankruptcy Law Firm for a confidential, free evaluation of your financial situation.

For more information on Bankruptcy Basics, or a free, professional consultation on any Columbus Bankruptcy issue, call: (888) 814-4825.

Or visit the company’s website at: http://www.ColumbusBankruptcyLawFirm.com

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Kenneth L. Sheppard, Jr.
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