Posted on Friday, March 2nd, 2012 at 10:40 pm
According to the U.S Bankruptcy Court for the Western District of Texas, 39 fewer bankruptcy filings were reported in February 2012 than in February 2011. However, 56 more cases were filed in January of this year than in January 2011.
Over all, bankruptcy filings in South Central Texas dropped 10 percent over a year in February. The drop is due to the 15 percent fewer Chapter 13 bankruptcy filings. 180 Chapter 13 filings were made in February 2012, compared to 2011 a year before. Chapter 7 liquidation also dropped compared to last year.
Four businesses filed for liquidation in February 2011 compared to no businesses last month and only one in January.
If you need help with your bankruptcy case, contact the bankruptcy attorneys at the Law Offices of Russell Van Beustring, P.C. by calling 713-973-6650 today.