Arizona consumer bankruptcies are still on the upswing. July had a 86% increase in Chapter 7 filings from the same month of 2008, jumping from 1,415 to 2,632. However, this is a lesser increase than previous months have seen.
Across the state, June and May showed a 96.6% and 107.5% increase in Chapter 7 filings from their respective periods of the previous year. Experts expect the upward trend in filings to increase through the holiday season.
If you are considering bankruptcy, contact the Arizona Chapter 7 bankruptcy lawyers of the Harmon Law Office, LLC at 480-829-0494.