Based on a report issued by one statistics company, there is hope for those trading bankruptcy claims privately in the secondary market.

Privately-traded claims rose in value this past month to $3.55 billion, the highest they have been since July 2010. At that time, $12.7 billion worth of claims were traded privately. Many financial experts have attributed this rise to the largest bankruptcy case in American history, which has shown favorable results that are driving up the worth of bankruptcy claims.

The company that filed the largest bankruptcy is due back in court on August 30^th at which point their Chapter 11 plan will be reviewed. The plan will outline how much creditors can expect to receive, figures that are vital to getting the final approval from a bankruptcy judge. Bonds for the company's holdings have shown a seriously steady increase over the past few months. The first week of this month saw the claims trading at 24 cents, an increase from a 22 cent high the previous month.

If you are considering bankruptcy in South Texas because of the tough economy, unemployment or substantial credit card debt, now is the time to contact the Malaise Law Firm so you can receive advice and guidance from a South Texas bankruptcy attorney that is committed to helping you get back on track.