"Valley bankruptcies in June hit their highest level of the year, pushed up by lingering consumer-debt burdens and contrasting with easing financial strains nationally.
A total of 1,118 individuals and small businesses filed for creditor protection last month in metro Phoenix, representing a near-doubling from 582 filings in June 2007, according to the U.S. Bankruptcy Court in Phoenix.
That raised the first-half total to 5,711 filings from 3,110."
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Bankruptcies hit year's high in June
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