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

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Total bankruptcies in the city were up 40 percenyt inMay 2009, compared with the same month last according to figures compiled by the for the Westerhn 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 busiestr filing month in more than four January 2005 was the last time more than 500 bankruptcyh petitions were filed in one month in San This past April also was a busy month. A totaol of 445 local bankruptcy petitionzs were filedthat month, compared to 292 filed in Aprilk 2008.
For the first five months of 2009, San Antoniol bankruptcies tallied 2,114 — a 38 percent increase from the 1,5356 cases filed in 2008. Almost all the cases filed are Chapter7 liquidations, the exception being a handfup of Chapter 11 Nationwide, U.S. consumer bankruptcy filing soared 37 percent in May compared with the same periodflast year, according to figures release by the .