Banker & Tradesman is reporting that bankruptcies in Massachusetts jumped 25 percent during the first half of 2010, compared to a year ago.

But there’s good news:

“Bankruptcy filings are considered a lagging indicator, and these bankruptcy filings really reflect earlier economic conditions. Many people struggle to hold on for as long as they can before seeking bankruptcy protection, but even though the economy is recovering, consumers are still hurting and struggling to pay off the debt they’ve accrued over the years,” said The Warren Group CEO Timothy M. Warren Jr.