Last month, the number of consumers who resorted to bankruptcy moved up on a month-over-month and year-over-year basis.
During the month of May 2017, businesses and consumers collectively filed 69,668 new cases in the nation’s bankruptcy courts.
Filings rose from the prior month, when the total came to an upwardly revised 67,723.
New cases also rose from an upwardly revised 66,138 a year prior.
The American Bankruptcy Institute provided the data Monday.
The report indicated that 2.57 bankruptcy filings were made per thousand in U.S. population.
In Alabama, the per-capita rate was 5.82 — the worst in the nation.
Next was Tennessee’s 5.66, then Georgia’s 4.69, Utah’s 4.14 and Mississippi’s 4.13.
ABI said non-commercial filings accounted for 66,096 of last month’s total. Consumer filings increased from an upwardly revised 64,372 in April and a downwardly revised 62,726 in May 2016.
From Jan. 1, 2017, through May 31, there have been 316,316 non-commercial filings.
