Local snapshot: Bankruptcy filings up 77% Phoenix AZ

A weak job market, housing woes and other financial stresses took a toll last month, as 999 Valley residents and firms filed for bankruptcy – a 77 percent jump from 563 in May 2007.

Bankruptcy filings:  The latest bankruptcy-filing statistics for metropolitan Phoenix and Arizona:

Metro Phoenix
May 2008: 999
May 2007: 563
Year to date 2008: 4,593
Year to date 2007: 2,528

Arizona
May 2008: 1,419
May 2007: 853
Year to date 2008: 6,426
Year to date 2007: 3,724

Source: U.S. Bankruptcy Court, Arizona district

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