Bankruptcy Filings Sink – Credit Card Debt Shrinks

According to a recent report by Epic Systems, since January 2012, bankruptcy filings dropped to approximately 627,000 bankruptcy filings in the 50 states and District of Columbia, compared to almost 725,000 filings during the  same time period in 2011.   One reason for the decline may be consumers paying off their credit cards thereby reducing the need to file for bankruptcy in the first place. But in Texas, credit card delinquencies are still above the national average.

 

Bennett Cunningham is a Bankruptcy Attorney licensed in Texas and is a former Investigative Reporter for the CBS Television Station in Dallas. Mr. Cunningham has garnered 7 Regional Emmy Awards, including the Best Investigative Reporter in Texas 2 years in a row, as well as several National Awards for his exposés into the mismanagement of taxpayer dollars and government waste. Mr. Cunningham is also admitted to practice in the US Bankruptcy Court for the Northern District of Texas and the US Bankruptcy Court for the Eastern District of Texas.  He is a member of the National Association of Consumer Bankruptcy Attorney’s, American Bar Association, American Bankruptcy Institute and the Dallas Bar Association.

This blog is not meant to give you legal advice. If you need to seek legal advice, you should consult a licensed attorney in your jurisdiction.

 

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