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Bankruptcy in California

Tuesday, April 26th, 2011


Chapter 7 and Chapter 13 Bankruptcy in California has risen substantially since 2005. With the recession and struggling economy, it is harder and harder for people to pay their debts. Last year the number of bankruptcies filed in the US hit a record high, 1.53 million. That equates to more bankruptcies than the entire decade of the 60’s!

As the U.S. reached new highs, California followed suit. In 2010, the Golden State filed 255,041 bankruptcies, which grew from the 206,000 in 2009 (Bankruptcy-Statistics.com). This rise in the number filing has been present throughout the last three years.

Although we have all been hopeful to see bankruptcies decrease this year, showing signs of a stronger economy, reports have been discouraging. California filed 17,007 bankruptcies in January, 2010 and 19,091 this January, 2011. The same rising numbers were calculated in February and March this year.

Until our unemployment improves and our economy begins to shows clear signs of recovery, Bankruptcy will remain both a viable solution and a wealth management strategy for millions more Americans struggling to make ends meet.

http://www.bankruptcy-statistics.com/

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    Laguna Hills Bankruptcy
    25401 Cabot Rd.
    Suite 113
    Laguna Hills, CA 92653
    Call 888-362-6529

    Santa Ana Bankruptcy
    930 West Seventeenth St.
    Suite C
    Santa Ana, CA 92706
    Call 714-795-3536

    Corona Bankruptcy
    1411 Rimpau Ave.
    Suite 108
    Corona, CA 92879
    Call 909-708-4597

    Moreno Valley Bankruptcy
    24490 Sunnymead Blvd.
    Suite 101
    Moreno Valley, CA 92553
    Call 951-579-4756

    Watsonville Bankruptcy
    444 Airport Blvd.
    Suite 109
    Watsonville, CA 95076
    Call 888-362-6529

    Oceanside Bankruptcy
    1930 S Coast Hwy
    Suite 206
    Oceanside, CA 92054
    Call 760-450-3333

    Chula Vista Bankruptcy
    333 H Street
    Suite 5000
    Chula Vista, CA 91910
    Call 619-500-6535

    Escondido Bankruptcy
    320 East 2nd Ave.
    Suite 108
    Escondido, CA 92025
    Call 760-746-4476

    La Mesa Bankruptcy
    4817 Palm Ave.
    Suite I
    La Mesa, CA 91942
    Call 619-462-362

    San Diego Bankruptcy
    185 West F St
    Suite 100
    San Diego, CA 92101
    Call 619-234-3626