Tuesday, May 25, 2010

Vancouver Bankruptcy Blog: 10% of US Homeowners 60 Days Delinquent

As May draws to a close, new reports suggest that approximately 10 percent of all home loans are delinquent in the U.S. by 60 days or more. The Mortgage Bankers Association noted that in addition to the national average of 10 percent, percentages in Nevada and Florida are trending closer to 20 percent.

Tom McAvity and the bankruptcy attorneys at the Northwest Debt Relief Law Firm know that this is not new news, and that this trend has been rather consistent for several fiscal quarters. For people seeking some kind of relief that just don't know where to turn, the smartest choice may be filing bankruptcy in Vancouver.

While filing for bankruptcy may not be the best option for everyone, for those it can help it helps immensely. By now most people who keep up with the news know that Chapter 13 bankruptcy is a popular choice for those facing foreclosure. If this shoe fits, it allows those who file to consolidate their debt (all credit cards, house payments, car payments, etc.) into one payment that is overseen by a trustee of the bankruptcy court.

If this is the right choice for your circumstances, bankruptcy attorney Tom McAvity can help you file your bankruptcy in Vancouver, WA, or Salem and Portland, OR. Many people may not realize it, but bankruptcy is a very wise choice for many. If you're eligible to file for Chapter 13 bankruptcy, let Tom McAvity and NWDRLF help you today. All you have to do is pick up the phone and dial 1-866-601-1918 for your free bankruptcy consultation.

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