The American Bankruptcy Institute has reported that business bankruptcies for the first half of 2009 surged 64% from the same period of last year with over 30,000 businesses filing.
The Institute also reported that 7,396 businesses filed for Chapter 11 reorganization during the period, up 113% from last year. Chapter 7 liquidations were also up 57% from 13,002 to 20,375.
If you are considering bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC at 480-829-0494.