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Posted On: April 28, 2010 by Scott Sagaria

Northern California Bankruptcy Filings At A 20-Year High

A San Jose bankrutpcy lawyer notes bankruptcy fillings at their highest

Due to San Jose, California’s dramatic housing cost increase in the last five years and the sudden drop in the market, more and more San Jose residents are forced to file for either Chapter 7 or Chapter 13 bankruptcy protection. San Jose alone saw approximately 11,500 personal and small business bankruptcies in 2009. The bankruptcy filings in the Northern District of California, which San Jose is a part of, have more than doubled in the last two years. Most California homes are now upside-down and unemployment is at a record rate.

Such drastic changes in economic status have caused Chapter 7 and Chapter 13 bankruptcy filings to double in the last two years in the Northern District of California. The Northern District encompasses Santa Clara, Santa Cruz, Monterey, and San Benito counties. In the bankruptcy court’s Oakland Division, which encompasses Contra Costa and Alameda counties, saw an increase of fifty-nine percent (59%) from 2008 to 2009. Lastly, the Eastern District of California saw a sixty-two percent (62%) in bankruptcy filings from 2008 to 2009.

If you have questions regarding Bankruptcy in San Jose please contact us at 408.279.2288 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our downtown San Jose bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Jose and the South Bay!

Posted by Scott Sagaria | | Email This Post | Comments (0)

Posted In: Bankruptcy News , Chapter 13 Bankruptcy , Chapter 7 Bankruptcy

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