The number of bankruptcy filings in Austin and the district to which it belongs has risen since last year. The Western District, which includes Austin, San Antonio, El Paso, Midland and Waco, had a total of 3,042 bankruptcy filings in the first three months of 2009.
The first quarter of 2009 saw 305 bankruptcy filings in Austin alone. In addition, most of the filings across the district are liquidations rather than reorganizations. Experts believe that this may be the beginning of a more official recession for Texas.
If you are considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.