According to the U.S. Bankruptcy Court in Phoenix, in June, the Phoenix-area experienced a year-over-year decrease in total bankruptcy filings for the third month in a row.  A total of 2,434 bankruptcies were filed in the Phoenix-area last month -- an 8 percent drop in filings from a year before.

 Comparing the first 6 months of this year to the first 6 months of 2010, there has been a 7 percent decrease in the total number of bankruptcies filed in Phoenix.  Statewide, 9 percent fewer bankruptcies were filed in June of this year than in June 2010 and 8 percent fewer bankruptcies were filed in the first 6 months of this year than in the first 6 months of 2010.

Chapter 7 filings continue to make up the majority of bankruptcy filings.  86 percent of bankruptcies filed in the Phoenix-area in June were chapter 7 bankruptcies.  The majority of the remaining 14 percent of bankruptcies filed in June were chapter 13 bankruptcies.

To discuss the benefits of filing for chapter 13 bankruptcy with an experienced attorney, contact the Arizona chapter 13 bankruptcy lawyers of Harmon Law Office, LLC at 480-829-0494 today.