South Florida Bankruptcy Lawyer

A report issued by the Labor Department today cited that the unemployment rate has risen to 5.7 percent, up from 5.5 percent last month.  Payrolls have fallen by 51,000.

This is the unemployment rate’s highest in more than four years.  Just last April the rate was five percent.  Economists are asserting that this is just another sign that the economy is in recession.  At the end of the recession in 2001, unemployment rates rose over at three month period at a similar rate.  The recent drop in the employment will likely hurt consumer spending.

This trend has led to the loss of property values, stricter lending rules, and highly unprecedented gas and oil prices.  Furthermore, the threat of bankruptcy is becoming more real for many Americans who are facing cutbacks and layoff.

If you are facing bankruptcy, you do not have to face it alone.  Contact the South Florida Bankruptcy Lawyers of Eric N. Klein to discuss your case and legal options.