Personal bankruptcy filings increased 32 perecent in 2009 compared to 2008. According to the National Bankruptcy Research Center, Chapter 7 filings increased 42% while Chapter 13 filings increased 12%. 

The increases in bankruptcy filings were largely a result of the economic recession. As the recession caused many people to lose their jobs or other sources of income, many individuals and families were forced to file for bankruptcy. 

If you or anyone you know is considering filing for bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon Law Office at 480-829-0494.