The state of Texas is home to many competent bankruptcy lawyers in Austin. Specifically, the University of Texas at Austin School of Law produces many successful Austin bankruptcy attorneys. These Austin bankruptcy attorneys specialize in litigating chapter 7 and 13 personal bankruptcy cases. In addition to producing stellar bankruptcy attorneys, the city also produces other productive people like former President George W. Bush and Lyndon B. Johnson. Other well known notable natives include Lance Armstrong, Willie Nelson, Ciara Harris and actors Matthew McConaughy, Kevin Costner, Farrah Fawcett, Sandra Bullock, and Renee Zellweger. The city is rather prosperous in many of its endeavors including the filming of major motion pictures like Spy Kids, Office Space, Miss Congeniality, and How to Eat Fried Worms.

Austin is a major hub for technology and science and the home of about 85 biotechnology and pharmaceutical firms. It is also the home of two well known fortune 500 companies, Dell and Whole Foods Market. Some of the city’s biggest employers include Dell, Austin Independent School District, the city of Austin, and the United States Federal government.

So now that we have recognized that the city of Austin generally has a particularly thriving economy, let’s talk about the city’s rate of unemployment which typically shows a strong correlation with an area’s bankruptcy rate. There were a total of less than 42,000 bankruptcy cases filed last year throughout the entire state of Texas. According to a story that was just released, the unemployment rate dropped a little to 6.3%. This is surprising when you compare this to the unemployment rate of other states that are continuously rising. In addition, the city of Austin created 6,000 new jobs in the month of February which was a large contributing factor to the city being able to decrease its unemployment rate. Ironically, Austin is faring better than its counterparts as the rest of the state carries a 6.6% unemployment rate.