"A weak job market, housing woes and other financial stresses took a toll last month, as 999 Valley residents and firms filed for bankruptcy - a 77 percent jump from 563 in May 2007.
Still, the latest figures showed modest improvement from April, when 1,104 consumers and businesses sought protection from creditors, according to the U.S. Bankruptcy Court in Phoenix.
'I'm seeing people filing to stop a foreclosure or modify the debt on their homes,' said Diane L. Drain, a Phoenix bankruptcy attorney."
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Personal, business bankruptcy filings in Valley up 77%
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