Phoenix bankruptcy filings fall in May
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Bankruptcy filings in the Phoenix metropolitan area fell in May for the second straight month.
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.
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Chicago Business Fraud Attorney
Business Fraud can take many forms. In the broadest terms, a fraud occurs when someone intentionally deceives others for personal gain. Many times business fraud is harmful and recovery is necessary. Losing your personal or business’s assets can devastate your entire life. Contact Roth Law Groupto receive help on restoring your business to normalcy before you were victimized with fraud. Business fraud cases can involve multiple people and complicated schemes aimed at deceiving the public, auditors, investigators, or others. Whether you are dealing with corporate fraud or commercial fraud, we can step in and fight back to receive compensation that you deserve.
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