From a decade ago, but the “news” remains the same. Individuals are hurting as expenses rise faster than wages, and in inequality gap widens.
The latest news from the office of the courts is: lots of people. Sixteen percent more bankrupties than last year in San Jose.
The release of the 2010 statistics brought a flurry of journalists to my door. In preparing to talk to a TV reporter who wanted to know what changes I had experienced in the past year, I looked back over the folks I had met with this week.
Intuitively, I would have told you that the last year saw more high income families, more entrepreuners, and more homeowners. But the facts were a bit blunter: Last week, the folks in my office were
- an attorney
- two doctors
- hi tech engineer
- couple investing in real estate
Not one of these clients were here because of consumer overspending, the cliche about why people file bankruptcy.
The need for bankruptcy relief is real and widespread. And continuing.
