Business Bankruptcy Filings in Texas Down 39% in 2012
The number of companies that filed for bankruptcy in Texas declined dramatically during the first six months of 2012, but legal experts say that is not necessarily good news for businesses in the state. In fact, many legal experts say that Texas Bankruptcy Courts could see a wave of new businesses filing for Chapter 11 protection if the economy gets better. If the economy worsens, the state would likely see an increase in Chapter 7 liquidations.