When you're caught in the middle of a credit disaster, it may feel like you are all alone. But statistics in the United States show that the number of annual personal bankruptcy filings is growing all the time. Many Americans struggle with personal debt and many in San Antonio are considering bankruptcy. Government data shows that the average bankruptcy filer is between the ages of 25 and 54. More than half of people filing bankruptcy have an annual income of under $30,000 per year. Consulting with a San Antonio bankruptcy attorney can provide logical legal protection for your needs.
Rising medical bills are one of the most common reasons for bankruptcy. Medical expenses in the United States have been climbing at an alarming rate over the past fifty years. More than nine million American families spend as much as 20% of their income on medical expenses. Many middle-class Americans think they are safe from these staggering costs because they have medical insurance. But when serious medical problems happen, medical insurance doesn