Statistics: South Texas Bankruptcy Filings

Bankruptcy filings have decreased slightly in South Texas, according to data recently released by the U.S. Bankruptcy Court.

While the total number of bankruptcy filings only decreased to 376 filings from 377 filings, there was a more noticeable difference in the number of Chapter 13 and Chapter 11 filings. The number of Chapter 13 filings decreased from 211 to 197, while the number of Chapter 11 filings decreased from 20 filings to 7 filings.

Chapter 7 was the only area where filings increased. The number of Chapter 7 filings rose 18%, from 146 to 172 filings.

It's interesting that there seems to be more Chapter 7 filings than ever, especially after new provisions were added to the U.S. Bankruptcy Code in 2005 to make filing for Chapter 7 more difficult. South Texas is not the only place that is reporting higher numbers of Chapter 7 filings. Statewide and nationwide bankruptcy statistics also show an increase in these types of filings.

Experienced Bankruptcy Lawyers Serving South Texas

The decision to file for bankruptcy is a personal one that must be decided by you and you alone. While a bankruptcy attorney can offer you advice and address any questions or concerns you may have, it's not an attorney's job to make the decision to file for you. If you are considering filing for bankruptcy and would like the advice of an experienced bankruptcy attorney, the Malaise Law Firm can help. Our South Texas bankruptcy attorneys serve clients throughout Corpus Christi, McAllen, Brownsville, and Harlingen, and would be happy to help you in any way we can. If you ultimately decide to proceed forward and file for Chapter 13 or Chapter 7 bankruptcy, you can depend on our firm to protect your rights and help you through each stage of the bankruptcy process.

Contact the Malaise Law Firm today at (800) BANKRUPT!