Posted by: California Bankruptcy Attorney in MyBlog on Apr 09, 2010
Although CB Richard Ellis, a Los Angeles-based real estate services company, states that they are “very much committed to Orange County”, they have let go over 70 people already in Orange County since 2010 began. The layoffs are the first in a wave that will last through 2011 (Source: The Orange County Register, April 1, 2010). It's a scene that by now should be familiar to Orange County residents: getting laid off these days seems more normal than keeping a job. Even in Orange County's public schools, 1,500 teaching positions were eliminated last year, with another 2,219 on their way this year. If these teaching jobs, which used to be the most stable jobs around, are being cut, who is safe from the ugly reach of the recession?
Rampant with foreclosures and layoffs, California has been disproportionately hit by the recession that began a couple of years ago. Although Orange County's unemployment rate is currently the lowest in the state at 6.9%, a large number of residents still find themselves calling on the services of an Orange County bankruptcy lawyer.
To talk to an Orange County bankruptcy lawyer call (877) 427-2752. Our lawyers will update you about the latest bankruptcy laws and show you the best way to save your assets during bankruptcy.
California Bankruptcy Attorney: People Who Would Never File for Bankruptcy
How bad is it? Just ask any bankruptcy lawyer in California. Silicon Valley lawyer Michael Malter told the San Jose Business Journal on January 29, 2010 that he's “seeing people every day who in a normal world would never ever meet with a [California bankruptcy lawyer].”
In Orange County, the story is the same that's playing out throughout California. Prolonged unemployment, sometimes combined with an unexpected bump in the road drives people to seek the help of an Orange County bankruptcy lawyer. Seeking out an experienced Orange County bankruptcy lawyer is probably the best decision you can make if this describes your situation. As a bankruptcy attorney in California Michael Malter stated, the current global economic climate is no “normal world”.
The Process of Bankruptcy
The first thing your Orange County bankruptcy lawyer should do is check to see if bankruptcy really is the best option for overcoming your personal financial woes. Federal law dictates that anyone seeking bankruptcy must first go through the credit counseling process, and this process sometimes removes the need to file for bankruptcy. If your attorney does feel that the best way out of your complicated financial situation is bankruptcy, however, then he or she will walk you through the rest of the bankruptcy process. What seems insurmountable situation today may seem like nothing more than an unpleasant memory in a few more months.
If you are in a situation that are considering bankruptcy as a way out, consult with a bankruptcy attorney in California first. Your lawyer will determine if you are a good candidate for filing bankruptcy and will then guide you to the right direction.