For the year ending March 31, 2009, bankruptcy filings increased by 33% from the same period of a year before. Those bankruptcies reached 1,202,503 over the course of the year.

The state of Texas accounted for the ninth highest number of filings by state in that period. These rising numbers are still expected to go further as the unemployment rate nears 10%. 

If you are considering bankruptcy, contact the Galveston bankruptcy attorneys of Gipson, Norman & Root at 409-765-6000.