Bankruptcy Attorney
Bankruptcy Lawyer Attorney Profiles Common Questions Bankruptcy Evaluation Office Locations

No Money Down on Chapter 13 Cases
For Qualified Wage Earners!
Chapter 7 Bankruptcy from $850

Phone and Video Consultations
Available Today!

Information Center
Asset Protection
Bankruptcy Overview
Business Bankruptcy
Chapter 13
Chapter 11
Chapter 7
Creditor Harassment & Abuse
Debt Relief Options
Eliminating 2nd Mortgages
Fighting Foreclosure
Means Test
Rebuild Credit
Taxes & Bankruptcy
Bankruptcy Alternatives
Bankruptcy Exemptions
Bankruptcy Myths
Bankruptcy Process
Bankruptcy Time Line
Benefits of Bankruptcy
Chapter 7 vs. Chapter 13
Filing for Bankruptcy
Is Bankruptcy Right for Me?
Life After Bankruptcy
Why Hire a Bankruptcy Attorney
Will I Lose Anything?
Read our blog

More College Graduates Filing for Bankruptcy

Curious who is filing for bankruptcy these days? Well, if you guessed college graduates, you would be correct. In fact, individuals with bachelor's degrees are the fastest growing group of debtors, as reported by one national researcher.

According to a recent survey, this group increased from 11.2 percent in 2006 to 13.6 percent last year. Those who hold masters or two-year degrees also saw a small increase over the past few years, while those who did not attend or finish college actually saw a decline in Chapter 7 bankruptcy filings.

Although there is no singular reason for this surprising trend, one bankruptcy professor believes that credit lenders are partially to blame. When several lenders tightened available credit lines, many students were unable to pay for their expenses without the use of credit cards or loans. Even though college graduates are filing for bankruptcy in greater numbers, the traditional demographic of filers has not changed. Those that have not attended college and that are in the lower-income brackets are still more likely to file for bankruptcy protection in the U.S.

If you are considering Chapter 7 to address your debt, contact a Chicago Chapter 7 bankruptcy lawyer from our law office today. Our Chicago bankruptcy attorneys can review your financial situation, provide you with advice and tell you if Chapter 7 is the right solution for you.

Free Bankruptcy Evaluation
Eliminate Debt & Bills
123 W. Madison Street, Suite 205; Chicago, IL 60602
Attorney Web Design
The information on this website is for general information purposes only. Nothing on should be taken as legal advice for any individual case or situation.

Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100