Friday, November 4, 2011

San Antonio May bankruptcies highest in four years - San Antonio Business Journal:

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Total bankruptcies in the city were up 40 percent inMay 2009, compared with the same month last according to figures compilef by the for the Wester n District of Texas. Bankruptcies filed in May 2009totaled 542; the mark in May 2008 was 324 a difference of 218 What’s more, May 2009 was the busiest filing month in more than four January 2005 was the last time more than 500 bankruptcgy petitions were filed in one month in San This past April also was a busy month. A total of 445 localk bankruptcy petitions were filedthat month, compared to 292 filexd in April 2008.
For the first five month of 2009, San Antonio bankruptcies tallied 2,114 — a 38 percent increasre from the 1,536 cases filedx in 2008. Almost all the casesa filed are Chapter7 liquidations, the exception being a handfulp of Chapter 11 reorganizations. Nationwide, U.S. consumet bankruptcy filings soared 37 percenyt in May compared with the same periocdlast year, according to figuresx released by the .

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