Foreclosure Rates Are Up! Can Bankruptcy Help?

01 Nov Foreclosure Rates Are Up! Can Bankruptcy Help?

Writer, Keisha Lamothe, in an article for CNN entitled “Foreclosures: Moving on up” reports that foreclosure filings rose during the third quarter of 2007, increasing by 30% over foreclosures in the second quarter.

The article, based largely on a report by RealtyTrac, further noted that the number of foreclosures nearly doubled from this time last year and is expected to remain high over the next year.

The numbers are staggering: More than 635,000 foreclosure ( 1 of every 196 households) through the third quarter.

Bankruptcy can provide you with options to stop a foreclosure. If you need advise on foreclosure issues or other debt related issues, contact a consumer bankruptcy attorney such as the one of the attorney’s in the Bankruptcy Law Network.

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I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

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