Local Bankruptcy Firm Growing with Demand

Attorney Georg and Attorney Schomburg opened the doors to Debt Advisors Law Offices Milwaukee, in 2006.  The two recognized the need for honest and compassionate bankruptcy attorneys in the Milwaukee area.  They also had a common desire to help people overcome debt, and start a new financial path.  Voted #1 best bankruptcy firm

A growing need for financial help

• In the first two years of business, bankruptcy filings grew quickly, leading to a significant spike in 2008.
• There have been over a million bankruptcy filings in the U.S. each year since 2008.
• Annualized, the bankruptcy filing rate stands at 3.54 per every 1,000 people.  The last time the filing rate was lower was November 2008.  That “dip” in filings was a result of the tightening of laws in October, 2005.
• Current reports say that bankruptcy filings aren’t expected to drop significantly until unemployment rates rise and the housing market picks back up again. http://www.uscourts.gov/Statistics/BankruptcyStatistics.aspx

Bankruptcy clients have changed as well

According to Attorney Georg, “Bankruptcy clients have changed over the years.”  He continues, “It used to be that our clients were primarily from lower-income households, but today, our clients are middle-class.”  Contrary to myth, bankruptcy can happen to anyone: CEO’s, secretaries, corporations, cities, celebrities and families from your neighborhood.

Attorney Schomburg comments, “We have always been very sensitive to the needs of our clients, which is why we gradually increased to six convenient Wisconsin locations.” Filing for personal bankruptcy is a big decision to make. The attorneys at Debt Advisors want to be sure that you have all the facts necessary to make the best decision for your particular situation.  They encourage clients to explore all possible options, which is why they offer a free consultation.