Reports for the month of June show that total bankruptcy claims trading are on the decline for the second month in a row nationwide.

This June, 816 claims were traded, while 917 were traded in May.  In addition, bankruptcy claims trading totaled $2.1 billion in June.  This is a significant decrease from the record high of $3.65 billion reached in April.

Bankruptcy cases with the largest number of claims trading included Flying J Inc., Chemtura Corp., Tribune Co., Smurfit-Stone, and Lehman Brothers Holdings Inc..  Lehman Brothers had the highest number at 224 and almost $2 billion.

If you or someone you know are considering filing for bankruptcy protection, contact the Galveston Chapter 11 bankruptcy attorneys of Gipson, Norman & Root at 281-332-4800 to learn more about your rights.