In the first half of 2011, Arizona has seen a decrease in the number of bankruptcy petitions that have been filed across the state.

There has been a 7.5 percent decrease in the first six months of the year compared to this time last year, bringing the statewide number to 19,080.  The number of Chapter 7 bankruptcy filings has decreased by 8.5 percent, but Chapter 11 filings have not been following the same trend.

They have increased in the fist six months and are at a total of 49, which is nine more than 2010. The American Bankruptcy Institute stated that there were 41,193 consumer bankruptcy filings in 2010. 

If you or a loved one has been struggling with debt and would like to discuss your options with an experienced professional, contact the consumer bankruptcy lawyers in Arizona of the Harmon Law Office today by calling 480-829-0494 today.