Report Indicates More Doctors Filing Bankruptcy

Financial difficulties can happen to anyone regardless of profession, age, education, or any other factors. The source of this financial distress can occur to people through no fault of their own and when this occurs bankruptcy may be able to help. People can get into financial difficulty for a variety of reasons including:

  • Loss of employment
  • Poorly performing investments
  • Accidents
  • Medical bills
  • Weather events

When a person falls on hard times and is having difficulty keeping up with their bills bankruptcy may be able to help. In order to determine whether bankruptcy can help yo schedule a consultation with a St. Louis bankruptcy attorney to review your financial circumstances.

Increasingly, professionals who have traditionally enjoyed job security and upper-middle class lifestyles are having financial problems. The glut of attorneys in the market has been well documented for years and a previous post in this blog discussed the plight of a federal judge who had filed for bankruptcy. These difficulties are not limited to the legal profession either. A recent story published at cnn.com highlighted the troubles facing many doctors in recent years. According to the report the number of doctors filing for bankruptcy has been increasing in recent years and industry observers cite a weak economy shrinking insurance reimbursements and rising costs associated with malpractice insurance and drugs are primary reasons for the problems physicians are facing.

Contact a St. Louis bankruptcy attorney for a free consultation

If you or your business is facing financial problems bankruptcy may be able to help. The moment a bankruptcy petition is filed a debtor comes under the protections of the automatic stay which effectively halts all active collection efforts. Depending on the circumstances of your situation Chapter 7 or Chapter 11 may be more appropriate for you. In order to determine whether bankruptcy could help you should schedule a free no-obligation consultation with an experienced St. Louis bankruptcy lawyer. The Westbrook Law Group practices exclusively in the area of bankruptcy law, and is committed to helping clients start over through bankruptcy. To schedule your free consultation with Mr. Westbrook contact our office today at (636) 493-9231. If you would prefer to reach us via email, please fill out the contact form on the right side of this page and a member of our staff will be in touch with you soon.

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