The changing face of bankruptcy may surprise some.

According  to a new study “The Vulnerable Middle Class: Bankruptcy and Class Status,” by Elizabeth Warren, Harvard Law professor, and Deborah Thorne, Ohio University professor of sociology, members of the middle class are the new face of bankruptcy.

A recent USA Today article previewing Thorne and Warren’s study describes how homeowners, college graduates, and small business owners, once thought to be a small percentage of bankruptcy filers, are now filing for bankruptcy at much higher rates. This study reflects what I am seeing in my Columbus, Ohio law practice, where we handle more bankruptcies than any firm in central Ohio. Many of my clients are college educated, hard working middle class families. Many are also white collar professionals with considerable assets.

If you are facing what seems like insurmountable debt and you are considering bankruptcy, I know that this is not an easy time for you. No one who has worked hard to advance a career, buy a home, and build a future wants to file for bankruptcy.

If you are considering bankruptcy, the best place to start is to schedule a consultation with an experienced bankruptcy attorney. An experienced bankruptcy attorney will use his or her knowledge and skills to protect your financial future. During a consultation in my law office, an experienced attorney will carefully evaluate your unique financial situation and give you recommendations on your best course of action. Our attorneys are experienced in handling mortgage loan modification, chapter 7, chapter 13, and debt settlement cases.

Because of the recent economy and the decline in home values many are now in financial situations that they wish they were not in. With the right legal representation, you can protect your assets and find the right financial solution for your future.

Please contact my Columbus, Ohio law office to schedule a consultation.

-Mark Jump