Home This Week AZ bankruptcies decline by 13% Y/Y in June

This Week June 5, 2015
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By Valorie Rice, EBRC Senior Business Information Specialist

June bankruptcy data for Arizona was released this week. The number of bankruptcies filed in the state for June was 1,655, a 13% decrease from June of last year and a 10% decrease in year to date filings compared to 2013. The Yuma office (covering La Paz, Mohave and Yuma counties) had the largest year-over-year decline in filings, dropping 25%. The Tucson office was 21.4% lower and Phoenix 9.6% lower. The Tucson office covers Cochise, Graham, Greenlee, Pima, Pinal and Santa Cruz counties, while the Phoenix office represents the remainder of counties.

Total Bankruptcy Filings - Arizona (Statewide)

Total Bankruptcy Filings – Arizona (Statewide)

Initial unemployment claims for Arizona were higher the last week of June at 5,176 after two weeks of fewer claims.  The four-week average was lower for a second week in a row at 5,373. The number applying for benefits nationally dropped 11,000 to a seasonally adjusted 304,000.  The four-week average dropped to 311,500. 

Hands and calculator photo courtesy Shutterstock.