National Bankruptcy Filings Hits Record Number in 2010 | Legal News | News Ticker
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- National Bankruptcy Filings Hits Record Number in 2010 | Legal News | News Ticker
While no one was surprised to see 2010 close as the year that featured the most bankruptcy filings in American history, the fact that it wasn’t unexpected doesn’t make the news less difficult to endure. The economy seems to be slowly turning in some parts of the country, and many people are attempting to provide themselves with a fresh financial start in hopes that they will also enjoy some sort of an upswing. However, in places like Arizona, the economy remains mired in a historic slump that’s shown explicitly by the number of bankruptcy filings that took place in 2010.
According to official bankruptcy statistics, more than 1.5 million bankruptcy filings were initiated in the United States in 2010, which is an increase of approximately 9 percent from 2009. In addition, many experts expect that this number will rise even more in 2011, and that’s largely due to the struggles of the western portion of the country, including Arizona. This region appears to be lagging behind other parts of the Midwest and Southeast when it comes to recovery, and much of that has to do with unemployment rates that remain high and real estate markets that remain historically low.
Specifically, Arizona bankruptcy filings shot up by almost 25 percent in 2010 when compared to 2009, and that’s a number that’s so shocking that most economists can barely fathom such a fallout on a wide scale. Arizona’s bankruptcy filings included more than 75 percent that were filed under Chapter 7 of the United States Bankruptcy Code, which is a chapter that’s usually reserved for individual consumers even though businesses can file under this chapter as well.
Arizona Bankruptcy Lawyers
For many people, the best way out from under a growing amount of financial stress is to wipe away the debts that are hindering every aspect of their lives. If this includes you or someone you love, you need to seek the help of Arizona bankruptcy lawyers who can take a close look at your financial picture and help you plot a course to financial freedom and peace of mind. ContactMontanoPhillips Law Group today to schedule a free initial consultation.
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I was recently served court documents that I was being sued from an accident that happened years ago. For someone who has never been through something like this and not familiar with the court lingo or where to even begin, it was very frustrating and stressful. I reached out to a family member who knew Tracy Laskos and the great reputation of Phillips Law Group and within the hours of the initial call for help, I had a direct number to Lead Attorney Nassar. Nassar heard my case and almost instantly put me at ease by explaining the process and how easy it was to handle. Nassar spoke to me like he was a friend, not like I was a client. I am so grateful to Tracy, Nasar and of course my cousin Stephanie for helping out and giving me the direction that I needed to get through this situation. I plan on referring my friends, family and patients that are in need of a personal injury Attorney to Phillips Law Group. Thank you!!
PLG is the best! Highly recommend. Love that they do so much to help the community.
My review is for Kathy Hudson a legal assistant at the law firm. She is great! She is very professional and a fair based person. She was never rude to me and always called me back. She listened to me and had my best interest as number 1. Mr Nasir who is a supervisor at law firm also was very professional and helpful. Not sure if spelling his name correctly but sorry if not. As far as mr Ross and the lady that runs the front desk reception I would say they are the most unprofessional and rude people I have met at a law firm in my life especially beings they were representing me. But Kathy made it overall a better experience. Thx Kathy.
Sophia H is very helpful.
The lawyers here are of top quality. Especially Trey Dayes, who was always respectful and hard-working.
Many companies talk about teamwork but few practice it. Many companies talk about an employee friendly environment but few actually provide it. At Phillips Law Group the foundation of our success is making sure we work as a team and that we work in an environment that allows everyone to thrive and be at their best every day. Our firm understands that in order for the client to have a great experience the people responsible for that client’s case must be given all the necessary tools and encouragement to make that happen. That’s the Phillips Way. As a manager of this firm in charge of several employees as well as directly affecting the client’s experience I take tremendous pride in saying we live by these premises and we work hard to build on them and make them better every day. This is an amazing place because it has amazing people working here!
I’ve been working at Phillips Law Group for nearly four years and I can confidently say this is the best personal injury firm in Arizona to work for. The firm is the best for numerous reasons but to start, Phillips Law Group gives employees opportunities for promotions and growth. I started working within the settlement department, moved to a paralegal assistant and grew to be a pre-litigation paralegal with my own case load. Each attorney I have worked for is extremely knowledgeable, friendly, and easy to talk to. Secondly, I love how Phillips Law shows appreciation for employees. They host Friday Zoom Huddles giving out PTO, goodie bags, special shout outs, bonuses and gift cards. They also host extravagant holiday parties and fun contests during the Holidays! Lastly, the firm cares about giving back to the community, which is a trait I value as well. It’s rewarding to see a fast paced firm taking time out of their busy day to pay it forward. I would highly recommend working at Phillips Law Group!
Sophia H. at Phillips Law Group has been an absolute joy to work with -quick, responsive, and professional in every interaction. Her breadth of knowledge, from administration to IT to finance, is nothing short of impressive.
Phillips Law Group has a proven track record of success. Juan Roque, in particular, is integral to that. He works with integrity, compassion, and an undefeated optimism that makes him a valuable asset.
Jasmine helped me so so much I want to thank her ! And also Aaron , i was always scared after an accident , knowing I would have to deal with lawyers but not here . Luckily I’ve only been in 3 accidents but this time it was fast and easy . And i received all the treatments I needed to help me recover ! Thank you Jasmine and Aaron!