According to a recent analysis by Jonathan Fisher, who is a research scholar at the Stanford Center on Poverty and Inequality, the “median income for bankruptcy filers is $42,000, which is $6,000 less than the national median.” His analysis goes on to point out that bankruptcy filers are more likely to be employed than not, to be veterans, and to be disabled. Most people can file bankruptcy without losing their home, their vehicle, or their retirement savings. For many individuals, filing for bankruptcy relief can provide a way out of debt and a fresh financial start. But whether a bankruptcy filing is in your best interest will depend on many factors and your circumstances. So it is a good idea to evaluate all of your options before deciding to file for bankruptcy. The Pruitt Law Offices S.C., located at 731 Main Street in Racine, can help with that analysis. Call us today at 262-633-8301. We are your partners for professional service.