updated 2/1/2011 11:19:43 AM ET 2011-02-01T16:19:43

IRVINE, Calif., Feb. 1, 2011 (GLOBE NEWSWIRE) -- Attorney Timothy G. McFarlin of McFarlin & Geurts LLP, a full-service law firm representing businesses and consumers in California, Utah and throughout the United States, today advised consumers drowning in debt that personal bankruptcy is no longer the credit disaster it used to be. Based on the number of people adversely affected by the financial crisis, the mathematics of credit scoring and pure business practices, bankruptcy is not the financial oblivion it once was.

"In the last five years, the number of bankruptcy filers has skyrocketed," said McFarlin. "Mathematically speaking, credit scores are an aggregate, competitive analysis -- like grades on a curve. If an entire class does poorly on an exam, passing grades are adjusted downward."

According to the BankruptcyAction website, U.S. personal bankruptcies for 2010 reached 1.5 million by the end of September. This number is 13 percent more than the total for the same period in 2009 and nearly 50 percent more than the same period in 2007.

"The fact is, lenders still have to do business," McFarlin continued. "They can't afford to ignore two and a half million people. That said, bankruptcy's moral weight has become significantly less onerous. More people simply view it as a strategic response to severe circumstances."

For more information please visit http://mcfarlinlaw.com/ or dial 888-728-0044 for a free consultation.

About McFarlin & Geurts LLP

McFarlin & Geurts LLP is a full service law firm representing businesses and consumers in California, Utah and throughout the United States. Areas of practice include both litigation and transactional matters, in federal courts as well as state courts. The firm is committed to providing clients with superior legal service with integrity and giving each client the personal attention they deserve.

McFarlin & Geurts strives to reach a positive outcome for clients' legal or transactional matters by implementing a philosophy of practical and effective representation. Placing clients' needs at the forefront of all engagements is the firm's top priority -- with a goal of conserving client resources wherever possible without sacrificing quality of service. For more information or a free consultation, please call (888) 728 0044.

CONTACT: Ty Sheppard
         Bock Communications
         For McFarlin & Geurts LLP
         tsheppard@bockpr.com
         (714) 206-9800

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