{"id":742,"date":"2017-08-04T15:45:18","date_gmt":"2017-08-04T20:45:18","guid":{"rendered":"http:\/\/www.mankatobankruptcy.com\/blog\/?p=742"},"modified":"2017-08-04T15:45:18","modified_gmt":"2017-08-04T20:45:18","slug":"consumer-bankruptcy-owatonna-mn","status":"publish","type":"post","link":"https:\/\/www.mankatobankruptcy.com\/blog\/consumer-bankruptcy-owatonna-mn\/","title":{"rendered":"The Rise of Consumer Bankruptcy in Owatonna, MN, During the Summer"},"content":{"rendered":"

Bankruptcy in the U.S. has a number of seasonal patterns that have existed for years. These patterns show an increase or decrease in the rates of bankruptcy for consumer households and businesses depending on the status of the economy and certain other events\u2014for example, tax season sees an annual increase in bankruptcy cases during April. For the times of year when bankruptcy becomes more likely an option for individuals and businesses, Behm Law group, Ltd. can help. Our experienced bankruptcy attorneys provide legal advice and assistance to those considering filing for bankruptcy in Owatonna, MN<\/a>.<\/p>\n

In comparison with the last few years, bankruptcy rates have shown an unusual increase in filings during June and July of 2017. The numbers in record<\/a> showed around a 16% increase in bankruptcy cases from the same time the previous year. These additional cases include both consumer and business bankruptcies.<\/p>\n

Though there is no exact pinpoint cause of this abnormal increase in bankruptcy rates, there are several economic conditions that have accumulated against individuals and businesses. These circumstances have pushed those considering bankruptcy into deeper and deeper financial struggle.<\/p>\n

From dipping storefront stability due to an ever-growing online shopping market affecting businesses, to changing interest rates and debt treatment affecting most consumers<\/a>, there is a wide range of aspects to take into account when understanding why bankruptcy is growing.<\/p>\n

Although it seems dangerous for so many US businesses and households to rely on bankruptcy relief all at once, it remains a viable option for those struggling with debts and difficult financial obligations. With the help of Behm Law Group, Ltd. attorneys, small businesses and individuals can benefit from choosing to file for Chapter 7 liquidation or Chapter 13 reorganization bankruptcy.<\/p>\n

Long-Term Benefits of Bankruptcy <\/strong><\/p>\n