Nichols Bankruptcy Law

As of July 2011, bankruptcy numbers had dropped almost 18 percent in comparison to numbers calculated at the same time last year. Although this may seem to be a good sign of things to come, numbers for bankruptcy filings are still at an extreme high.

With President Obama's Job bill still in limbo, more than six million Americans are sitting on the sidelines, as the clock ticks down, fearing that their unemployment will run out in 2012.

Rob R. Nichols’ new website provides basic information about bankruptcy and foreclosure. Clients can learn about the difference between Chapter 7 and Chapter 13 bankruptcy, as well as foreclosure.

As the economy has worsened, more people have turned to bankruptcy than ever before. This year has seen a record number of people filing or simply looking into filing. Bankruptcy helps people clear their debts, and avoid foreclosure and repossession.