Last week, I took a look at the latest bankruptcy filing numbers in the United States and was surprised to find out that they have declined from 1.5 million in 2011 to 1.3 million in 2013. This gave me kind of a creepy feeling when looking around and seeing how many people are struggling to make ends meet. It just doesn’t make sense. Last week they also released the unemployment number showing that they had dropped to 7.7% from 7.9%. This is the lowest it’s been since 2008. If people are going back to work, which I don’t believe they are, they are accepting minimum wage jobs because they have no other choice. After digging a little deeper I found another clue that is called the “discouraged worker” category which is an individual that has been unemployed for more than a year and no longer receiving unemployment benefits. This makes sense, when you consider how many businesses have closed down or left the country in the last few years. The jobs are leaving and they’re not coming back.Looking at all this information I was trying to figure out why the number of Americans that were having to file bankruptcy were declining in a bad economy. After an “AH-HA” moment I decided to take a look at the debt ratios of Americans to see if they were increasing and bingo there it was. Back in 2009 the average credit card debt per person was $4100 nationwide. Now, that number has surpassed $16,000 per person. The numbers speak for themselves. It’s obvious that creditors once again are allowing debtors to charge themselves into oblivion. Back in 2008, creditors were quick to remove credit lines and available balances of debtors. Once all the smoke cleared and the Fed fired up the printing presses with QE1, QE2, the twist, QE3 in September of 2012 and now QE4 as of December, money started flowing out to the banks as they were told to lend away in an attempt to help the economy. The number of Americans using bankruptcy filing set an all-time record high of 1.6 million in 2010. Until all this quantitative easing came into the picture, many expected those numbers to continue to rise because so many people were broke.Today, the elections are behind us and the fiscal cliff is before us many are wondering if the honorable profession of a bankruptcy attorney will once again be slammed with many Americans filing for bankruptcy. As the arguing continues in Washington DC, most people are expecting taxes to go through the roof in 2013 followed by inflation from all the quantitative easing the Fed has done. This is the time that people shouldn’t bury their head in the sand waiting for their career to come back or the price of their house to rise. Spending one’s savings and borrowing oneself into oblivion to just be optimistic about a future that is very uncertain. This is the time that someone financially struggling should take the time to consult a bankruptcy attorney to see if it’s an option for their situation. In this economy people shouldn’t worry about what others think if they have to file bankruptcy.