YBK [Part 7]: The official May figures for the Central District of California are now out, and they show a 22% jump in total filings over last year. Chapter 7 petitions were up by over 26% from the previous May, while Chapter 13 filings, where a debtor proposes to repay some or all of his debt over a 3-5 year period, continue to slide. The only thing stopping a full-fledged bankruptcy panic is the housing market.