Phoenix Area Bankruptcy Filings Decline Slightly in September, Still Much Higher Than 2009 | Legal News | News Ticker
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- Phoenix Area Bankruptcy Filings Decline Slightly in September, Still Much Higher Than 2009 | Legal News | News Ticker
The Arizona economy continues to struggle mightily, and one of the most direct ways to measure the suffering of Arizona residents who make futile attempts to pay their monthly obligations is by looking at the number of bankruptcy filings that are being recorded. In another case of ‘positive’ bad news, the number of bankruptcy filings in Phoenix dropped slightly in September as compared to August of this year. However, when compared to the number of bankruptcy filings recorded in September of 2009, last month showed that individual financial struggles remain a serious problem with residents of Maricopa County.
The United States Bankruptcy Court recorded 2,819 filings in September, which represents a slight decrease from the 2,865 bankruptcy filings recorded in August. However, the number of September filings last month also represents a 14 percent increase from the number of filings recorded in September of 2009 at the same courthouse. This is a staggering increase and a clear indication that while some experts are saying that the worst of the Great Recession is behind us, people are continuing to suffer amid the real estate market meltdown in Arizona and a sagging employment rate.
In addition to the raw number of filings, the court separates the types of bankruptcy filings that were initiated. About 80 percent of the bankruptcy filings in September were under Chapter 7 of the Bankruptcy Code. Chapter 7 bankruptcies involve the liquidation of assets in order to at least partially satisfy creditors. Most of the remaining bankruptcy filings were done so under Chapter 13 of the Bankruptcy Code, and these cases could generally be classified as consumer reorganization filings.
Arizona Bankruptcy Lawyers
While this news is most certainly not positive, it should tell anyone who is struggling that he or she is far from alone in the Phoenix area. Those who find themselves in this position need to take steps to regain control of their financial lives for many reasons, not the least of which is to recapture a basic peace of mind that adds to the overall quality of life.
If you are struggling to meet your obligations and you’re not sure how to get out from under a growing mountain of bills and stress, contact the Arizona bankruptcy lawyers today to schedule a free initial consultation.
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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 -
I want to thank attorneys Tim and Robert and the paralegal Bethany for all they had done on my case. They were all empathetic, knowledgeable and professional. All my questions were answered, emails returned in a timely matter, and promises fulfilled. I recommend Phillips Law Group if you need help with your injury case.
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.
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!
Liz was great
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.
Liz Gonzales was great!!!!
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!
I would like to send special thanks to Phillips Law Group for giving me the opportunity to be a part of the Best Law Firm here in the Valley. During these troubling times with the epidemic, Phillips Law Group has masterfully created this family-like environment while still maintaining a professional and business-like approach for all their clients. Thru impeccable leadership that is unmatched by other law firms to the Multi-diverse employment opportunities that many employees advance within the firm; Phillips Law Group has not only distanced themselves from all other competition in the Personal Injury field but also has innovatively changed the narrative of being a great law institution. From providing Employee Appreciation Day to celebrating all major Holiday including great competitive contests; Phillips Law Group has the total participation of all employees to help contribute to the continued success of this firm. So in closing I would like to thank Senior Administration (Jeffery Phillips, Eva Chiaramonte, and Tim Tonkin) along with all of my colleagues and many friends for help making Phillips Law Group a unique and wonderful place to call my place of employment for 6+ years.
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. ❤️