Being that this is one of the bubble states, this news isn’t unexpected to
a lot of people out there….
The entire economy of AZ is built around real estate.
When real estate sours (and therefore the source of your income sours along with it), an increase in bankruptcy filings is to be expected…
http://www.azcentral.com/arizonarepublic/business/articles/0509biz-bankruptcy0509.html
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