Bankruptcy Attorneys in Pensacola Observe Retail Bankruptcy Trends of 2019

Pensacola, Fla. – Martin Lewis and Steve Jurnovoy, Pensacola bankruptcy attorneys, have been able to solidify their firm as the experts in Chapter 7 and Chapter 13 bankruptcy within the local area. In addition to staying up to date with the most current state and national laws and regulations, the notable attorneys have also determined that monitoring retail legal matters could provide insight into more personal cases.

During the past year, the retail sector has been hit hard as national chains are unable to compete with online sellers, and subsequently have been forced to close hundreds of stores amid bankruptcy filings. Recent studies have shown that brick and mortar store closings are up 59 percent from last year alone, resulting in over 9,000 stores closing their doors for the last time.

Noting that prominent businesses are resorting to filing for Bankruptcy to stay afloat gives credence to debt consolidation, a field in which Lewis and Jurnovoy are experts in. Debt Consolidation, or Chapter 13, is the part of the Federal Bankruptcy Code under which a person may repay all or a portion of his or her debts under the supervision of the Bankruptcy Court. The most important thing about debt consolidation is that it allows one to keep what is deemed valuable to help stay afloat.

Staying up to date with any bankruptcy developments in the news, whether large scale retail companies, or small-scale personal cases, is an important aspect as to why bankruptcy lawyers in Pensacola, Lewis and Jurnovoy, have become the authority on Chapter 7 and Chapter 13 Bankruptcy matters within the local area.

For more information about how to protect financial information from theft or fraud, contact the offices of Lewis and Jurnovoy, P.A. at (850) 432-9110 or visit their website: www.lewisandjurnovoy.com.