Bankruptcies fall in Arizona during first half of 2011

Bankruptcy EditorialJuly 13, 2011

Share this article

SHARE

Less people filed for consumer bankruptcy in Arizona during the first six months of 2011.

Consumer bankruptcy filings in Arizona seemed to taper off a bit during the fist half of 2011, according to the Arizona Daily Star.

There were 19,080 consumer bankruptcy petitions filed during the first six months of 2011, a 7.5 percent decrease compared to the same period in 2010. About 3,052 petitioners filed for Chapter 7 protection, down 8.5 percent from last year, the newspaper reports.

However, Chapter 11 filings in Tuscon have increased over the past year. There were 49 such bankruptcy petitions during the first half of this year, compared to 40 in 2010. A majority of those filings were from companies connected to bad real estate deals, according to the media outlet.

"I'm continuing to see a lot of problems with commercial real estate," a local bankruptcy attorney told the newspaper.

There were 41,193 consumer bankruptcy petitions filed in Arizona last year, according to the American Bankruptcy Institute, up from 33,022 in 2009.
 


Back to Newspaper Home


PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Your request for contact will be forwarded to the local lawyer who has paid to advertise in the ZIP code you provide. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network nor does it analyze a person's legal situation when determining which participating lawyers receive a person's inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 400, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.

FLORIDA ONLY: Total Bankruptcy is considered a lawyer referral service in the state of Florida under the Florida Rules of Professional Conduct. By all other standards, Total Bankruptcy is a group advertisement and not a lawyer referral service.

If you live in Mississippi, Missouri, New York or Wyoming, please click here for additional information.

By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.