The amount of bankruptcy filings in Orange County have decreased by nearly 16 percent from a year ago at this time and nearly a 12 percent decrease since August of this year.

Orange County saw a peak in bankruptcy filings in September 2010 when nearly 1,752 filings were made in court. In September 2011, there were 1,470 filings. This number is still high according to the lowest records, but it is lower compared to recent years.

In the past 12 months, the O.C. has seen a 2 percent increase in filings, but the nation has seen an 8 percent decrease. During the recession, California was hit the hardest but the drop in the real estate market and the unemployment rates. The state has the second highest unemployment rate in the country at 11.9 percent.

If you or a loved one has been struggling financially and are considering filing for bankruptcy, you need experienced representation on your side. Contact the Arizona bankruptcy lawyers of the Harmon Law Office by calling  480-829-0494 today.