Bankruptcy Filings Surge in the US
Posted By Stone Law Firm on Aug 18, 2010 3:00pm PDT
This week news sources reported that bankruptcy filings throughout the nation have reached their highest level in five years between the months of April and June. At this time period, bankruptcy filings increased by 11% compared to the same time frame in 2009. Government data was released this Wednesday showing the elevation in bankruptcy filings.
This year, there were 422,061 bankruptcy filings between January and March. Last year, there were 388,148 bankruptcy filings.
Government data showed that filings exceeded 400,000 for the first time since a record of 667,431 filings reported in the fourth quarter of 2005.
The fiscal year ended June 30th and it was reported bankruptcy is jumped by 21% from 2009.
If you need assistance with filing for bankruptcy in Utah, contact the Stone Law Firm and discuss your situation with a Salt Lake City bankruptcy attorney.