Tuesday, August 18, 2009

Arizona Bankruptcy filings increase yet again.

Bankruptcy filings across the valley and Arizona spiked against last month as more consumers feel the economic heat.

Valley filings for Chapter 7 bankruptcy increased 93.2 percent last month compared with July 2008. Filings increased from 997 to 1,926 for the month, according to the U.S. Bankruptcy Court of Arizona. Across Arizona, Chapter 7 filings increased 86 percent, from1,415 to 2,632.

The economic indicators including unemployment rates indicate filings are expected to remain high. Also, many homeowners in Arizona are miles upside down in their house. People are choosing to walk away from their properties instead of paying on a mortgage where the payoff is over twice as much as the value of the property. It makes sense to draw a line in the sand and file bankruptcy. This allows people to rebuild the credit sooner instead of chipping away at astronomical debt for years.

12 comments:

  1. Hi...Your post really got me thinking man..... an intelligent piece ,I must say. Get more information about Bankruptcy lawyer .

    ReplyDelete
  2. "I have reviewed the site and fully satisfied about the notions of installing the i-phone applications from pc."
    linen shirts for men

    ReplyDelete
  3. Hi there! Thank you so much for sharing some of your ideas about this particular issue. It is so fulfilling to have an additional knowledge about bankruptcy from you. You have such an interesting and very informative page. I'll be looking forward to be visiting your site again and for your other posts as well. Keep it up!
    In addition, I would just like to share that The Statute of Bankrupts of 1542 was the first statute under English law dealing with bankruptcy or insolvency.[4] Bankruptcy is also documented in East Asia. According to al-Maqrizi, the Yassa of Genghis Khan contained a provision that mandated the death penalty for anyone who became bankrupt three times.
    Bankruptcy filing services are related to:
    →Chapter 7 Bankruptcy
    →Chapter 13 Bankruptcy
    →Home Loan Mortgage Modification
    →Recovery from bankruptcy
    →Asset protection and exemptions
    →Foreclosure
    →Repossession
    →Harassment
    →Bankruptcy during divorce

    Bankruptcy Attorney Suffolk County, NY

    ReplyDelete
  4. "your post is need, or better but, factors ve nailed it. You write very well which is amazing. I post I shouldnt invest in but cant resist shopping for! And at terrific costs too! Thank Like it! I like "
    nehru jacket

    ReplyDelete
  5. Your site is so cool. I am impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles, HP0-P23, HP2-B97, HP2-K32, We offer essential exam training material and knowledge.

    ReplyDelete
  6. Professional IT certification exams prove as a doorway to keep people update about their significant fields but at the same time it’s not an easy task to get through a certification test without appropriate training and guidance of an expert, HP2-H27, HP2-N34, HP2-T21, Get brilliant success in your IT certification exam with the help of Our Exam PDFs.

    ReplyDelete
  7. Sounding Out thanks is simply my little way of saying. Bravo for a fantastic resource. Customized office furniture, Best office furniture, Cheap office furniture
    Take On my sweetest wishes for your incoming post.

    ReplyDelete
  8. Thank you for this great information, you write very well which i like very much. Office furniture catalogue, Buy furniture online, Best advertising agency in Pakistan
    I am really impressed by your post.

    ReplyDelete
  9. "I accept been account your posts regularly. I charge to say that you are accomplishing a absurd job. Please accumulate up the abundant work."
    Home furniture | Office furniture | Office furniture catalogue | Mirza maqbool

    ReplyDelete
  10. Excellent read, I just passed this onto a colleague who was doing a little research on this topic...
    pakistani advertising companies | Best advertising agency in Pakistan | advertisement in lahore

    ReplyDelete
  11. Hello,
    Thanks for sharing innovative info.The experienced Phoenix bankruptcy attorneys at Ariano & Reppucci, PLLC are available 24/7 to evaluate your debt.
    chapter 7 bankruptcy

    ReplyDelete
  12. Awesome Resources. My AZ Legal Team, PLLC is here for you. Whether you have been charged with a misdemeanor or felony offense, you need aggressive, effective representation to combat the accusations lodged against of bankruptcy attorney phoenix. You require the assistance of a skilled advocate who will defend your rights so that you obtain the justice you deserve of casa grande criminal lawyer

    ReplyDelete