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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (48409)	4/11/2004 3:47:03 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

Texas judicial district sees jump in bankruptcy filings 4/11/2004 12:50 PM By: Associated Press (AP) -- The U.S. Southern District of Texas is reporting a rise in bankruptcy filings. The judicial district saw a 23 percent increase in bankruptcy filings between 2002 and 2003 -- the highest increase in the nation. Personal bankruptcy filings increased more than five percent nationwide and 15 percent in Texas. The Southern District includes 43 counties in southeast Texas, including the Houston, Galveston, Victoria, Corpus Christi, Laredo, McAllen and Brownsville areas. Joyce Cavanagh, a family economics specialist at Texas A&M University, says South Texas' high 2003 unemployment figures may be to blame for the spike. The national unemployment rate last year averaged 6 percent. Houston's was 6.9 percent, and McAllen's was as high as 13.6 percent, according to the Texas Workforce Commission. news24houston.com