As the national and local economies continue to drag along the bottom, bankruptcy filings continue to pile up.
Overall bankruptcy filings in the United States have soared by nearly 100 percent over the last five years, according to a report from the Administrative Office of the U.S. Courts.
At the same time, the report notes, pro se bankruptcy filings, those that individuals file without a lawyer, have grown 187 percent.
“I think a lot of it has to do with costs,” said Eric S. Sparks, a Tucson-based bankruptcy attorney.
Sparks said the average Chapter 7, the most common form of bankruptcy, can cost a person $2,500 or more.
Read the rest of the article at Inside Tucson Business
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