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Washington Bankruptcy Lawyer

Despite the fact that the government is working hard right in Washington D.C. to fix the economy, plenty of citizens of the city are suffering from a cycle of debt. According to the United States Bankruptcy Court for the District of Columbia, 1,282 bankruptcy cases were filed by citizens of Washington D.C. in the year 2010. This number has shot up 10.4% since 2009 and is steadily rising. More and more people are choosing to file bankruptcy with a Washington Bankruptcy Lawyer in order to have some relief from a cycle of overwhelming debt.

According to the National Debt Clock, the average debt per citizen in the state of Maryland is nearly $8,000. This number may not seem very high, but for those making minimum wage or even unemployed, this number is astronomical. Chances are, if you live in Washington D.C., you know what it's like to deal with some sort of debt. If you feel as though your debt is overwhelming, you may want to look into Washington Bankruptcy Lawyers to find out how you can get help to sort through your debt today.

When you file for bankruptcy with a Washington Bankruptcy Lawyer, you will be given the option to file for either a Chapter 7 bankruptcy or Chapter 13 bankruptcy. With Chapter 7 bankruptcy, you are relieved from your debt immediately by liquidizing all of your assets. This kind of bankruptcy is the most common form in the United States. Last year in Washington D.C., 843 people filed for Chapter 7 bankruptcy. Chapter 13 bankruptcy is when you negotiate with a federal bankruptcy court about a reasonable payment plan for paying back your debts. These are less common because they add extra stress and don't allow you quick relief from your debts. There were 372 Chapter 13 bankruptcy cases filed in Washington D.C. in 2010. If you struggle with bankruptcy and aren't sure which chapter you should file for, contact a Washington Bankruptcy Lawyer in your area to find out how you can get rid of your unmanageable debt.

With approximately 129 bankruptcy lawyers in the Washington D.C. area, you'll be sure to find at least one Washington Bankruptcy Lawyer that can help you climb out of your unmanageable debt. Don't spend another night worrying about the endless amount of debt you're currently struggling with. Talk to a Washington Bankruptcy Lawyer today to find out how you can start taking charge of your life again.

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