Mortgage Daily

Published On: July 6, 2017

Compared to a month earlier, the number of consumers who resorted to bankruptcy last month was down by 4 percent.

Including filings made by businesses and consumers, there were 66,757 new bankruptcies that were filed in the month of June 2017.

The volume of new cases filed with U.S. Bankruptcy Courts retreated from the preceding month, when the total came to 69,668.

But activity has barely deviated from a year prior, a month that saw an upwardly revised 66,338 filings made.

The American Bankruptcy Institute released the data on Thursday.

On a per-capita basis, there were 2.57 filings per thousand in U.S. population during the first-half 2017.

Alabama’s per-capita rate of 5.81 was the worst in the nation. Next was Tennessee’s 5.69, then Georgia’s 4.73, Mississippi’s 4.16 and Utah’s 4.14.

Non-commercial filings worked out to 63,372 during the most-recent month, descending from 66,096 in May 2017. Consumer filings were hardly changed from an upwardly revised 63,000 in June 2016.

From Jan. 1, 2017, through June 30, there have been 379,689 consumer bankruptcies filed.

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