According to statistics released by the U.S. Bankruptcy Court in Arizona,  Phoenix area bankruptcy filings increased to 2,865 in August from 2,585 in July.  Experts now expect for Valley bankruptcy filings to exceed 30,000 this year compared to the 25,000 in 2009.

Chapter 7 bankruptcies make up four out of five Phoneix area bankruptcies filed.  However, Chapter 13 filings continue to increase and reached their all-time high of 490 filings in August. 

In August, statewide filings increased to 3,769 after four months of falling numbers.  

If you or someone you know is considering filing for Chapter 7 bankruptcy, contact the Arizona Chapter 7 bankruptcy lawyers of Harmon Law Office, LLC at 480-829-0494 to learn more about your rights.