Bankruptcy Filings are Down yet Consumer Confidence is Up

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Bankruptcy filings are down and financial positivity is up as Americans take control of their debt.

Bankruptcy Filings are Down

The attorneys we support have in recent months recorded their debt resolution totals to be excess of $20 million. Using an attorney works,” says Susan Muzila -Director of Strategic Planning at Morgan Drexen.

The National Bankruptcy Research Center reported a downward trend in bankruptcy filings last month. February 2011 saw filings down by 8% compared to 2010. Leading the way in personal filings is Nevada, Tennessee, and California, all with more than half the national average.

With the unemployment rate still floating around 9% and the government considering raising the national debt amount, many consumers are still struggling to make ends meet.

Phillip Sindlinger is a Nevada resident who filed for bankruptcy several years ago. After finding himself in debt once again Phillip decided that there were better options for him and his family. Sindlinger engaged with an attorney-based debt resolution program to reduce his debt. Phillip admits both he and his wife were skeptical.

“I learned very quickly that the system punishes bankruptcy. My wife was very skeptical about me using an attorney to reduce our debt. Honestly, I wish I had contacted them years ago. It was a hard lesson. Because I’m school teacher I tend to view things as lessons,” says Phillip

Drew Moore is an attorney based in Colorado admits, “Clients are definitely more comfortable to have access to an attorney and are very grateful for the expertise an attorney provides.”

Moore uses the support services of Morgan Drexen’s automated support services. The automation of all attorney client information allows for added productivity and efficiency for the law firm. By saving time and money the attorney clients get fast, reliable and affordable representation

For Tennessee resident Laura Morin her $60,000 was affecting her day-to- day life. “Paying my debts was so hard I was not able to pay them off. So that’s why I went to the law firm to handle this stuff. I am debt free now,” says Morin

“For many American consumers bankruptcy is an option. Morgan Drexen supports 35 law firms across the United States. The attorneys we support have in recent months recorded their debt resolution totals to be excess of $20 million. Using an attorney works,” says Susan Muzila -Director of Strategic Planning at Morgan Drexen.

“The average consumer is America now holds more than $9,300, the good news is for consumers that it is possible to reduce your debt using an attorney- based debt resolution program,” concludes Muzila

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Raychel Harvey-Jones
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