Parker & Associates

You are not alone. Over 2 million people have filed for bankruptcy since 2005 in order to seek relief from their bills or to protect their homes from foreclosure. Those numbers may be exceeded in 2008 for many reasons including access to easy credit, job loss, medical costs, the high cost of housing which many have suffered as a result of the predatory lending practices which have resulted due to poor lending practices over the past few years. Many home loans which were offered at low "teaser interest rates" are resetting at record numbers and homeowners can no longer afford their mortgage payments. As a result many people now find themselves in financial difficulties but are afraid that since on October 17, 2005 when the law changed relief may no longer be available. In fact, many people are not aware that there are solutions and strategies. Rest assured, relief is still available through bankruptcy and there are other insolvency solutions.