Mixed Signals in Regards to Most Recent Phoenix Bankruptcy Statistics | Legal News | News Ticker
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- Mixed Signals in Regards to Most Recent Phoenix Bankruptcy Statistics | Legal News | News Ticker
For years, all of the news regarding the Arizona economy and regarding Arizona bankruptcy issues was negative. It should be seen as somewhat positive that the news has recently moved from always negative to mixed. The term ‘mixed’ would seem appropriate in response to the recent release of Phoenix and Arizona bankruptcy statistics. While the number of Arizona bankruptcy filings has dropped for the ninth time in the past ten months, they still remain high in a historical sense and still indicate that thousands of people are suffering in a financial sense.
According to the United States Bankruptcy Court in Phoenix, there were just under 2,000 Phoenix bankruptcy filings initiated in January of 2011. As stated above, this represents the ninth time in the past ten months that the number of filings has dropped when compared to the previous month. However, that number is still five percent higher than it was in January of 2010. In terms of the specifics of these Arizona bankruptcy filings, approximately 75 percent of them were chapter 7 filings and almost all of the rest were filed under chapter 13.
While Arizona bankruptcy numbers at least begin to indicate that the economy could be turning ever so slightly towards the positive, the facts remain that more than 20,000 people have needed this form of relief in the past year, and more than 30,000 people across Arizona have pursued the same outlet for relief in the past 12 months. Many of these problems are tied to the unemployment rate that’s also dropping slightly but remains high as well as the flagging real estate market that many are predicting will continue to suffer immensely throughout 2011.
Arizona Bankruptcy Lawyers
When someone encounters financial problems that seem to offer no outlet, those who find themselves in this position should remember that there is always an option available somewhere. Whether this relief involves filing for bankruptcy protection or not, those who are ready to put an end to their ongoing financial stress need to start by having an experienced Arizona bankruptcy attorney take a close look at their overall financial picture. From there, sound recommendations can be made to put this struggle in the past for good.
If you’re ready to take that next step, the Phillips Law Group recommends the experienced bankruptcy attorneys atPhillips Law Group for all of your bankruptcy needs. Call today to schedule a free initial consultation!
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Phillips law group has an amazing staff and i recommend them to everyone.
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Working at Phillips Law Group has been a blessing from the beginning for me and I am extremely thankful to work for a firm that values their employees so much. Here I believe we are a huge family of hard working people that can bring a sense of comfort to our client’s lives in times of hardships, stress and chaos. From intake to Settlement we strive to provide the best customer care to all of our wonderful clients. With a 4.8 rating and over 1100+ star reviews on Google no surprise our firm is extremely well known for the quality of work we do!! #teamPLG!!
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I enjoy my work day here at Phillips Law Group and generally speaking I love my clients. Every day brings a new client or task to keep me on my toes. Administration keeps open communication and is hilarious most of the time! I love the way we celebrate FRIDAY, holidays and birthdays and how everything is so competitive. All in all I’m so fortunate to be here and I enjoy what I do.
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Jasmine Delgado is an amazing paralegal. She was patient, kind and extremely knowledgeable. Highly recommend Phillips law group
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I didn’t know anything about the area, and Phillips Law Group just took care of everything. They helped made sure I knew where I was going, made sure I didn’t have to worry. They literally just took care of me.
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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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My paralegal , Caroline , was on top of her game - very responsive and always answered any questions I had and in a timely manner . My attorney Rob ,was the best attorney I ever had . He explained everything in great detail and had a great sense or humor . He really knows how to bring light To tough , unfortunate situations - I would absolutely recommend them at anyone -
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Sophia H is a pleasure to work with! Thanks for all you do.
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It’s an Honor and a Privilege to work for a company that cares about its employees and clients for 12 years. I’ve seen Management go out of their way to help someone whether it’s a personal matter or work related. I am also reminded of many occasions where a Client needed urgent help and we as a Team were able to get the person immediate assistance. At Phillips Law we make that happen through Teamwork and a dedication to our profession. I’ve had numerous jobs in several other fields, those were just jobs. This is a home. Many of us have been here for quite a few years, it feels like one large extended family.
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Phillips is the best!! Love all that they do to give back to the community and how much they help those who are experiencing homelessness. ❤️