At Clark & Washington, we understand that there may come a time when you can no longer pay your bills and you need to find a way out. If you are trying to make the minimum payments on your credit cards and you continue to get behind on your bills, it’s time to consider filing for bankruptcy.

Bankruptcy Filings in Georgia in 2017Buried in debt going bankrupt

2017 has been a big year for people in the Northern District of Georgia filing for bankruptcy. March 2017 saw the largest number of filings so far this year, with a total number of bankruptcies of 3,147. The lowest number of filings for 2017 was in January, with a total number of filings at 2,386. While the rate of bankruptcy is declining in Georgia, it is still ranked number three in the United States for bankruptcy filings.

Bankruptcy Filings are Down From Previous Years

Rates for filing bankruptcy have gone down in recent years throughout the state of Georgia. 2010 saw a total of 77,000 bankruptcies filed in the entire state, while the number decreased to 49,334 in 2015. While the rates of bankruptcy are down in Georgia, they are also down throughout the United States. This keeps Georgia high on the list for the number of overall bankruptcies filed.

Contact Metro Atlanta Bankruptcy Attorney

One of the most common times to file for bankruptcy is several months after the holidays are over. This could be due to a number of factors. The holidays can bring on an increase in spending, and can cause an already burdened budget to spiral out of control. If you are worried about your monthly bills and you are no longer able to gain control of your finances, it’s time to give yourself a clean financial slate. Call Clark & Washington at 770-285-1971 for a free consultation with a bankruptcy lawyer to see if bankruptcy is right for you.