With Over 1 Million Eligible Consumers Unable to File For Bankruptcy Because they Can't Afford the Lawyers Fees, Personal Bankruptcy Experts Unveil New Low-Cost, Online Personal Bankruptcy Filing Method that Almost Every Qualified Debtor/Bankruptcy-Seeker, Can Afford & is Within their Reach

    BROOKLYN, NY, March 16, 2009 /24-7PressRelease/ -- The national trend in bankruptcy filings in the United States has been unmistakable for quite some months now: INCREMENTALLY UPWARDS! But the latest figures just released by the Administrative Office of the U.S. Bankruptcy Courts on the February 2009 bankruptcy filings, made it crystal clear to almost every one: the rate at which the increasingly overburdened and restive American debtors (both individuals and businesses) are filing for bankruptcy, is not only at its highest levels since the now-famous (or infamous, many would say!) draconian changes of 2005 to the U.S. bankruptcy law, but is ominously beginning to approach the "hated" high bankruptcy filing levels it had reached before the passage of that law that was supposedly going to drastically curtail the pre-existing high filing levels.

So, just how do the current growing army of increasingly despairing American debtors who not only seek to file for personal or business bankruptcy, but in a great deal of cases, truly NEED to file, AFFORD the high lawyers' legal cost of filing for bankruptcy? How do they get low-cost bankruptcy filings?

The website, Afford-Bankruptcy.Com, long a pioneer and leader in the use of self-help, non-lawyer methods by consumers in handling the routine, uncontested legal matters of life, such as simple, no-asset bankruptcy, uncontested divorce or will-writing, seems to have the perfect answer to match in bankruptcy filings. In a no-nonsense writing style and direct presentation format that's used to design the site, the Afford-Bankruptcy.Com website, relying on its prized Afford-Bankruptcy.Com Advantage, unveils a performance-based, result-oriented system that promises virtually EVERY honest American debtor who's qualified but overburdened with debt, who seeks the bankruptcy relief from his debt burden and a fresh start that bankruptcy offers, a bankruptcy filing way that is low-cost and at rock-bottom prices that practically EVERY bankruptcy filer can AFFORD, whatever the size of his pocket book. It's basically a low-cost, non-lawyer, pro se bankruptcy filing system; a low-cost alternative bankruptcy filing system to the traditional high fee lawyers. And already, perhaps not surprising, given the desperate financial straights that a growing number American consumers find themselves in these days, Afford-Bankruptcy.Com is already experiencing great reception and success. Debtors, apparently thrilled and relieved at finding there's a genuine, performing alternative to merely being consigned to paying the lawyers high fees for bankruptcy that many find virtually prohibitive, if not impossible, have taken to the site for an alternative.

The website operations Manager, David Johnson, when interviewed, stated: "You hear talk about the nearly 1.1 million American debtors who literally 'forced' their ways to the Bankruptcy Courts to file for bankruptcy just in the last year of 2008. And remember that this involves, on their part, having to do this against, and in spite of, so many odds and hurdles that the lawyers and the legal system had purposefully placed on their paths in terms of the recent 2005 law's imposition of a whole new regime of stringent, restrictive rules and requirements on debtors, and substantially increased legal and court costs that they have to pay for filing for bankruptcy. But here's the point that is even more ominous and frustrating from the stand point of the debtor, himself (or herself), who legitimately wants or needs to avail himself of the right (and this is a sacred, constitutionally conferred American right, by the way) to seek the relief of bankruptcy from his debt burden. Relative to this 1.1 million debtors who filed in 2008, the informed estimate is that there is roughly yet the same, underline that, THE SAME number of debtors, who are equally eligible and would want to file, but just couldn't file merely because they couldn't afford the legal fees required."

Johnson added: "Just think about that! So, at the Afford-Bankruptcy.Com, we're committed that somebody has got to serve the genuine, legitimate debt relief and bankruptcy needs of this forgotten, neglected, left-out category of debtors. Our system is specially designed. Almost every average debtor will find an option plan he or she can use - and can afford. Out of the variety of three bankruptcy filing options that we've developed and offer, each of them is really low-low cost, and each equally gets the job done in the end for the purposes of the debtor. With these options, just no more excuses, really! Almost every debtor who is in fact serious about wanting to file for bankruptcy and is otherwise qualified for bankruptcy, will find at least one option, probably two or three, that he or she can comfortably AFFORD. And can successfully use to file and secure his or her bankruptcy."

Clearly, it just goes to show just how badly the average American debtor is economically hurting today! That, only less than 4 years after the passage of the tough new rules of the 2005 BAPCPA (Bankruptcy Abuse Prevention and Consumer Protection Act) law that toughened the system for bankruptcy filing and made it far more costly (it more than doubled the legal fees charged by attorneys for bankruptcy filing), American debtors are fast returning to the same old rate of bankruptcy filings as the pre-2005 levels. Judging from the latest bankruptcy filing figures and emerging trend, all indications point to the fact that we are today well on our way to getting right back pretty soon to the same old "square one" in bankruptcy filing - to the old "bad" high pre-2005 bankruptcy filing levels that had, in the first place, prompted the enactment by Congress of the supposed 2005 bankruptcy "reform" law that was meant to drastically reduce the number of filings.

For example, for the month of February 2009, there were over 103,000 bankruptcy filings nationally. Spread over the 19 business days of February 2009, the filing rate is 5,433 filings per day - which represents a 22.0% jump over the January 2009 filing rate, and a year-over-year increase of 29.9% as compared to February 2008. In deed, by some expert predictions, one given by University of Illinois Law Professor Robert Lawless (http://www.creditslips.org/creditslips/2008/12/bankruptcy-filings-in-2009.html), a bankruptcy expert, the nation will register a rate of 1.4 million bankruptcy filings for the current 2009 calendar year.

THE BOTTOM LINE IS: somebody or entity having the legal and institutional knowledge, know-how and the requisite working system - somebody or entity other than the lawyers and the traditional institutions that have traditionally controlled, largely to the exclusion of others, the administration of the bankruptcy system to America's consumers - will have to provide for the legitimate bankruptcy filing needs of this population, business as well as personal, that is simple, accessible, and AFFORDABLE, for such debtors. In this ground-breaking website, debtors, bankruptcy-seekers, as well as just mere curiosity-seeks, will finally see how exactly one can, successfully, file for bankruptcy, AFFORDABLY, and quickly get relieved from his or her relentless debt collectors and debilitating debt burden - at low, reasonable cost, without having to pay through the nose, or to give an arm and a leg for it. Among some of the topics that are of great interest which you will read and learn about on the site, you will find debunked myths and falsehoods that are often spread around about bankruptcy; you'll find outlined strategies, ways and techniques that work, and a detailed analysis of the principal issues and questions that may help you sail through your bankruptcy filing and discharge from your debts, etc. Additionally, this website will not only just "walk" you literally through the filing of your bankruptcy or to securing bankruptcy, but will provide you a rich treasury of informational and educational materials that will motivate and teach you how to start your new life AFTER you've come away from declaring bankruptcy, among many, many other things.

Source: http://www.Afford-Bankruptcy.com

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