Hello Neighbors,

With the recent recession, there has been a tremendous rise in Chapter 7 liquidation            bankruptcy filings in North Georgia as well as nationwide. With more and more businesses and consumers becoming over whelmed by the worst economic down fall since the depression of the 1930's, many have no choice but to turn to bankruptcy for a fresh start.

The U.S. Bankruptcy Court, Northern District of Georgia reported Chapter 7 liquidation filings in the area are 12.5% higher than the numbers at the end of the 2008 year. According to recent court data, 23,345 filings have been made in Northern Georgia as of the end of last month compared to the total number of Chapter 7 filings of 20,745 for the entire year last year. This means Chapter 7 filings have rocketed 56% according to court data.

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