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The foreclosure crisis and high unemployment fueled a surge in the number of people who filed for bankruptcy last year

According to the National Bankruptcy Research Center, more than 205,000 Californians filed for personal bankruptcy protection last year.

That’s an increase of nearly 59% from 2008. A large number of those filings are from the Central Valley.

Seniors on fixed incomes in Madera County received pro bono legal advice Friday afternoon from law students and lawyers from the Bay Area. Many said the recession of 2009 has forced them into foreclosure and some even bankruptcy.

“As the economy gets worse, keeps dwindling, my unemployment insurance will be running out in March,” said Jon Christenson from Madera.

Tony Farmer from Madera said, “I’ve lost my house to foreclosure; I filed a bankruptcy to try to stop the foreclosure.”

Many homeowners are using a little known DIY tactic guaranteed to stop the foreclosure process in less than a day to buy some time up to several months to work out a solution

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These lawyers travel all over the state of California providing free legal council. One alarming trend that they’ve noticed is the number of people filing for bankruptcy. In fact nearly 30,000 people or businesses filed for bankruptcy in the Central Valley and Sacramento in 2009. That’s up nearly 48% from 2008.

“With the tide of foreclosures and these mortgages that are so difficult for people to pay that brought on a lot of consumer debt issues,” said Julie Ingram who leads the volunteer law student program.

Ingram said before these seniors decide to file for bankruptcy an attorney will evaluate their financial situation.

“The attorney will then recommend based on that clients situation in life if bankruptcy is the right option for them,” said Ingram.

FOR MORE INFORMATION:
CentralCallegal.org for Central California Legal Services
LawHelpCalifornia.org for Law Help California
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Source: http://abclocal.go.com/kfsn/story?section=news/local&id=7208747

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