Learn how to find, purchase, and qualify bankruptcy leads as a legal practitioner.
Bankruptcy leads are a valuable resource for attorneys who focus on helping individuals and businesses navigate financial distress through legal relief options. The demand for these services remains steady due to rising debt levels and economic fluctuations.
These leads often involve clients who are overwhelmed by debt and are seeking legal guidance on filing Chapter 7, Chapter 11, or Chapter 13 bankruptcy. This practice area offers attorneys a steady influx of clients needing immediate legal intervention.
In 2024, business bankruptcy filings increased by 33.5%, totaling 22,762 cases. Personal and business bankruptcy filings rose 16.2 percent in the twelve-month period ending June 30, 2024, compared with the previous year. According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 486,613 in the year ending June 2024, compared with 418,724 cases in the previous year. Business filings rose 40.3 percent, from 15,724 to 22,060 in the year ending June 30, 2024. Non-business bankruptcy filings rose 15.3 percent to 464,553, compared with 403,000 in the previous year.
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