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: Legal News PostPhoenix bankruptcy filings fall in May
By (Legal News)
However, officials say the 2,763 filings in the metro area represent a 35 percent increase compared with May 2009.
Experts say soft housing prices, a bleak employment scenario and other financial issues continue to plague many Phoenix-area residents.
Chapter 7 filings, which provide a fresh financial start for debtors, accounted for 83 percent of the total. That's the third straight month that they've been above 80 percent.
Full post as published by Legal News Post on June 09, 2010 (boomark / email).
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