Bankruptcy rates rising - Santa Rosa Press Democrat
And he didn't even declare bankruptcy -- his landlord did. But he has been ordered to move, to go find a new home.
"We don't even know who technically owns the house now," De Guia said. "It went up for auction in December."
Bankruptcies are ripping through the Sonoma County economy, impacting more than just the insolvent who seek protection from their creditors in a federal bankruptcy courtroom in downtown Santa Rosa.
The upheaval has thrown everyone from retailers to carpenters to Joe Six-Pack into bankruptcy.
The number of bankruptcy filings soared 77 percent in Sonoma County in 2008, and the situation is expected to get even worse this year.
When people can't pay their bills, it has a domino effect that pushes more people and businesses into bankruptcy, said Robert Eyler, director of the Center for Regional Economic Analysis at Sonoma State University.
Major retailers such as Mervyns, Circuit City and Gottschalks have filed bankruptcy.