Filing for bankruptcy protection in Arizona

Read this!

http://www.azcentral.com/arizonarepublic/business/

According to the article, there was a 77% increase in bankruptcy filings in the state
of Arizona. The increase is measured comparing May 2008 to May 2007 (if I am reading it correctly).
However, filings for bankruptcies seemed to have declined since April, slightly…

See if you can figure it out:

http://www.azcentral.com/arizonarepublic/business/
What it looks like to me is a 50%+/- increase in the # of people filing for bankruptcy.

The question is, is this the end, or will the percentages increase more?

How much does the average person have in home equity in Arizona anyway?

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