According to an Article posted February 3, 2009, at Bloomberg.com, personal bankruptcy filings climbed by 34% in January of 2009.
The American Bankruptcy Institute expects 1.4 million consumer bankruptcies to be filed this year up from 1.06 million in 2008.
Considering the numbers, Arizona Bankruptcy filings will likely grow close to the number of filings in 2005. Those considering bankruptcy right now in Arizona are not alone.
If you are considering bankruptcy, be aware that bankruptcy is not typically a simple process. The law, when considered in relation to an individual’s set of facts, can create a myriad of pitfalls and options.
It is only with the help of an experienced bankruptcy attorney that these potential issues can be spotted and fully discussed.