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Thursday, July 30, 2009 - 10:11am

Bankruptcy Filings Skyrocket in North Georgia

Updated: 8 years ago.
There are more than 15,300 Chapter 7 bankruptcy filings this year. (Photo courtesy Dang Law Group)

Chapter 7 bankruptcy filings have soared in North Georgia.

The Atlanta Journal Constitution is reporting they’re up 60 percent between January and June, as compared to that period last year.

The total is more than 15,300 filings this year.

Chapter 7 is when a company fully liquidates or a person stops paying debts.