South Central Texas has seen some serious fluctuations in bankruptcy filings this year, with recent trends favoring lower rates of bankruptcy.
According to on U.S. Bankruptcy Court, bankruptcy filings soared in August (compared to last year) but dipped the following month. Overall, there have been less personal bankruptcy, or Chapter 7 bankruptcy, filings reported for this area of Texas.
Chapter 13 bankruptcy filings dropped as well, by six percent, not too far behind the seven percent drop in personal bankruptcy filings. Several businesses also filed for bankruptcy during that time, three under Chapter 11 reorganization bankruptcy and three more under liquidation bankruptcy.
Are you considering bankruptcy as a way to gain control of your finances? If so, contact the Malaise Law Firm today to set up a time to speak with one of our San Antonio bankruptcy lawyers. We will do all that we can to make the bankruptcy process easier for you so you are less stressed.