Phoenix Bankruptcy Filings Skyrocket

July 15, 2010

Bankruptcy filings in Phoenix hit 2,763 in May, up 35% from 2009.

But that represents a DECREASE from April 2010 according to myFOXPhoenix.com

Their headline says, “Phoenix Bankruptcy Filings Fall in May”

83% of these cases were Chapter 7 bankruptcies which effectively offer a clean slate by wiping out most debt.

Those numbers are staggering! Yep, the recovery is well underway.

Geesh.

I think my headline is more accurate don’t you?