Phoenix Area Bankruptcy Filings On Pace to Surpass 2009 | Legal News | News Ticker
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- Phoenix Area Bankruptcy Filings On Pace to Surpass 2009 | Legal News | News Ticker
The Arizona economy is suffering as much as any state in the country, and one of the prime indicators of the seriousness of the economic downturn is the number of bankruptcy filings that have been recorded. According to the United States Bankruptcy Court in Phoenix, bankruptcy filings are still on pace to surpass the number of filings done in 2009. Below is a look at some of the relevant statistics that indicate that even though some are indicating that the economy is turning on a national level towards the positive, Phoenix residents are still struggling.
According to the court, there were more than 2,500 bankruptcy filings in July after 2,600 filings had been entered in June. The highest number of filings in a month so far in 2010 occurred in March, when more than 3,000 filings were recorded. Overall, Phoenix-area bankruptcy filings are trending towards surpassing the number that was recorded in 2009, which stands at more than 25,000 filings. Clearly, there are several reasons as to why these numbers continue to remain so alarmingly high.
Reasons for Phoenix Bankruptcy Filings
Most financial experts and analysts who watch these sorts of trends list two causes among all the potential causes for these bankruptcy filing numbers. Specifically, experts cite the continuing down spiral of the local real estate market and the continued problems with the job market. Phoenix remains one of the highest foreclosure markets in the United States, and the unemployment rate in the area remains higher than the national average. When these two factors combine to inflict damage on a local economy, the result is a high number of bankruptcy filings, which is exactly what’s occurring now.
Phoenix Bankruptcy Lawyers
What these large numbers should tell anyone is that if you find yourself in financial trouble and you need a way out that could include bankruptcy, you are far from alone. Bankruptcy is an option for those who want a financial fresh start, and in some situations it’s possible to retain assets that include homes and vehicles. If you’re ready to move out from under a mountain of stress, contact the Phoenix bankruptcy lawyers at Montano Arentz & Associates, PLLC immediately to schedule a free initial consultation.
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The lawyers here are of top quality. Especially Trey Dayes, who was always respectful and hard-working.
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Liz was great
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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!
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Positive: Professionalism, Quality, Responsiveness, Value As someone who is familiar with the inner workings of the auto insurance industry I can whole heartedly endorse Steven J. Jones and Phillips law group as someone I would want on my side should litigation take place. They handled my case professionally, honestly, and with satisfactory results which I would not have expected without enlisting their help.
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Although my accident was fortunately not a major one, The Phillips Law Group AZ treated it as such. Their staff, specifically Mr Juan Roque was very professional, courteous and most importantly very informative. Mr Roque's attentive service was phenomenal and I highly recommend this firm!
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Great experience! Took care of pretty much everything, and I always felt like I want in good hands. Caroline Fa. was also a great help with everything. She always returned my calls and I never felt unheard. Even after my case she would still help me with my insurance documents.
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Phillips Law Group does so much for the community!!! I especially enjoy seeing Juan Roque out there. This gentle giant always has a smile on his face and is a part of a caring and giving team.
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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.
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