For the first quarter of 2009, the number of bankruptcies of all types was over 800. This is approximately a 25% increase from the first three months of 2008 which was an increase from 2007's 562 first quarter filings.

Chapter 11 business filings hit 15 in the last quarter, up from six in 2008 and seven in 2007. Chapter 7 liquidations also increased from 339 in 2007 to 400 in 2008 and 587 in this year's first quarter. 

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.