According to one bankruptcy researcher, the month of June saw 100 less filings than the same period last year. After reviewing the numbers, bankruptcy experts determined that the 22% decrease came from a serious decline in personal bankruptcy filings. These included both liquidation and reorganization bankruptcies in the area.Both Chapter 7 and Chapter 13 bankruptcy filings dropped in June, as well as the number of businesses filing for Chapter 11 bankruptcyprotection. While the numbers look good for now, financial experts caution that we are not out of the massive bankruptcy wave sweeping the country just yet.
Are you considering bankruptcy? If so, contact a San Antonio bankruptcy attorney now to discuss your case. It is possible to save your home, vehicle and other assets when you have a litigator on your side throughout the bankruptcy process.