According to the Wall Street Journal, bankruptcies are on the decline. They state:
"The number of consumer bankruptcies filed declined by nearly 14.8% to 114,803 in May from a month earlier, the American Bankruptcy Institute and the National Bankruptcy Research Center said Thursday. Compared to the same month a year ago, filings fell almost 15.7%."
The Northern District of California has reported that bankruptcy filings here in the San Jose area continue to rise, at least as of March 2011.
The Wall Street Journal's report proclaims that "the worst is behind us." Let's hope they are correct in their proclomation.
For bankruptcy questions, contact the Henshaw Law Office at (408) 533-1075.
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