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"Low Income Bankruptcies"

  • Writer: Zambrano Law Customer Service
    Zambrano Law Customer Service
  • Jan 19, 2023
  • 1 min read

When it comes to bankruptcy, low-income households are disproportionately affected by the financial strain. Despite making up a large percentage of the population, low-income individuals are more likely to declare bankruptcy than any other income group.


The reasons for this vary, but can include factors such as unemployment or underemployment, inadequate access to credit and financial assistance programs, high cost of living and medical bills. Low wages make it difficult for families to maintain financial stability and keep up with rising costs. As a result, many find themselves in debt with no way out due to their limited resources and lack of emergency savings.


Without proper guidance or intervention from outside sources, those living on low incomes can quickly become overwhelmed by their debts without having an obvious solution in sight.





The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at the 12738 Ramona Blvd Baldwin Park CA 91706






 
 
 

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