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2010 Personal Bankruptcies in Arizona Rise 23.9% from 2009

Bankruptcy filings across the nation have risen, and Arizona has been hit harder than most.

 
PRLog - Jan. 27, 2011 - MESA, Ariz. -- Americans are still feeling the effects of the Recession, as unemployment has been improving at a snail’s pace and many people are still deeply in debt. Overall, consumer bankruptcy filings in the United States have increased to 1,530,078, which is about 9% higher than the filing totals last year. This is the highest level of bankruptcies since 2005, which is when federal bankruptcy law changed with the Bankruptcy Abuse Prevention and Consumer Protection Act.

This change made it more difficult for consumers to find complete debt relief, as it required that anyone whose income was higher than average for their state pass a means test before being allowed to file for Chapter 7 bankruptcy. Many were forced to then file for Chapter 13 bankruptcy instead. Filing for bankruptcy is a complex and difficult process, and it is best achieved with the help of a Mesa bankruptcy lawyer http://www.mesabankruptcyfirm.com/ from a well-regarded firm such as Carr Law.

Arizona has been hit particularly hard by the recession, and it has seen an unprecedented number of bankruptcy filings and foreclosures. With an almost 24% increase in filings since last year, it is ranked as the fourth worst in the nation in this category. If you are one of the many people who is facing bankruptcy, it is in your best interest to call a Mesa bankruptcy attorney http://www.mesabankruptcyfirm.com/ for further information about your options.

Of all the states, Hawaii is continuing to do the worst in terms of bankruptcies. The state saw a 28.9% increase in filings from 2009. California and Utah follow with 25% and 24.4% increases, respectively, with Arizona bringing up the rear of the top four. Tennessee has fared the best, with a decrease of 7.2%.

Contact a Mesa Bankruptcy Attorney http://www.mesabankruptcyfirm.com/ at Carr Law if you are unable to get out of debt and you are seeking significant debt relief.

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Carr Law is a bankruptcy firm located in Mesa, Arizona. Mr. Carr, the firm’s founder and lead attorney, is a competent and capable professional who has an honest concern for his clients’ finances and futures. He assists clients with all types of debt relief, from Chapter 7 bankruptcy to Chapter 13 bankruptcy to stopping foreclosure and debt negotiations. He understands the plight that faces many individuals and families throughout Arizona and the rest of the nation, and he dedicates his time and effort to attempt to provide some remedy. Bankruptcy allows people to start over fresh when they have gotten in too deep, for whatever reason. He regards it as a sad fact that so many of bankruptcies today are due to medical debts and other unavoidable issues. As an insightful Mesa bankruptcy attorney, he is able to offer legal guidance and sound advice about the best course of action for each client’s unique financial situation. Visit the firm website: http://www.mesabankruptcyfirm.com/

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Source:Carr Law
Phone:480-212-0020
Zip:85210
Location:Mesa - Arizona - United States
Industry:Consumer, Legal, Mortgage
Tags:arizona, mesa, bankruptcy, attorney, lawyer, chapter 7, chapter 13, debt relief, consumer debt
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