John Skiba Reports that, "As Bankruptcy Rates in Phoenix Continue to Rise, Arizona Now Has Third Highest Credit Card Delinquency Rates"

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With the exception of Arizona, bankruptcy and credit card debt is leveling out across the nation. The credit bureau TransUnion predicts that Arizona will be the only state in the country that will continue to see delinquencies rise on credit cards and home loans. In fact, Arizona State University economist, Dennis Hoffman, says Arizona's beleaguered job market will not recover until 2014 or 2015. It looks like Arizonans are in for a long haul and John Skiba, a bankruptcy attorney in Mesa Arizona , looks to help by offering free bankruptcy consultations.

John Skiba

A previous client once told me that she received over 40 telephone calls from debt collectors in a single day!

An article that appeared on AZ Central on December 9, 2009 says that most of the nation is experiencing a gradual recovery from the recession, but this will not be seen in Arizona for some time. Arizona Bankruptcy attorney John Skiba states that, "the weak housing market continues to contribute to the high mortgage delinquency rates, forcing thousands to file chapter 7 or chapter 13 bankruptcy". Small businesses have also been hit hard. For example, Stoudemire's Downtown, a restaurant named after the Phoenix Suns star Amare Stoudemire, just filed for bankruptcy under chapter 11.

Robert Sandoval, a Mortgage broker at Capital Plus Financial in Chandler, predicts tough times ahead in the mortgage market for AZ. Sandoval points to city job losses throughout AZ as the main contributing factor. As a result, bankruptcy in Phoenix AZ continues to skyrocket as people are unable to pay their bills. "People by nature aren't deadbeats, but if they don't have income, they can't make their payments," Sandoval said.

Those that have not been in debt do not know the nightmare that debt can be. John N. Skiba, a Bankruptcy attorney for JacksonWhite Law in Phoenix AZ, said “A previous client once told me that she received over 40 telephone calls from debt collectors in a single day!” The good news is that there is hope for those that have found themselves drowning in debt and who are bombarded by numerous calls a day from hounding creditors.

Those who find themselves contemplating whether or not to file for bankruptcy in Mesa AZ, need to consider the consequences, both good and bad. One of the redeeming qualities is that the instant you file for bankruptcy, an automatic stay (which is a court order) bans any collection efforts against you. Specifically, creditors will not be able to foreclose or repossess property, sue you, or even call you on the phone. Small businesses can benefit under chapter 11 filings, such as Stoudemire’s Downtown, which will remain open as a result of filing for bankruptcy and creating a repayment schedule.

About John Skiba:
John Skiba is a bankruptcy attorney in Mesa Arizona, assisting individuals and businesses in financial distress. He also handles general creditor/debtor legal issues and chapters 7, 11, and 13 bankruptcy cases. John is a member of the State Bar of Arizona (Bankruptcy Section), the American Bankruptcy Institute and the National Association of Consumer Bankruptcy Attorneys. During law school John served as a judicial extern to the Honorable Robert C. Jones, United States Bankruptcy Judge for the District of Nevada.

For additional information on the bankruptcy process and JacksonWhite Law's free bankruptcy consultation, please contact John Skiba at (480) 464-1111

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