Although the volume of consumer bankruptcy filings turned higher on a month-over-month basis, a year-over-year reduction was recorded.
Including commercial and non-commercial activity, there were 58,336 debtors who filed a new case with U.S. Bankruptcy Courts in February.
Activity
rose from an upwardly revised 55,237 the prior month.
But a decline was noted compared to an upwardly revised
64,712 a year prior.
The American Bankruptcy Institute delivered the data Monday.
The per-capita rate worsened to 2.19 filings per thousand in population last month from 2.13 in January.
The February 2017 per-capita rate was highest in Alabama at 5.42. Next was Tennessee’s 5.23, then
Georgia’s 4.41, Mississippi’s 3.64 and Illinois’ 3.62.
Looking at just non-commercial filings, last month’s total was 55,539 new bankruptcies. Consumer activity climbed from a downwardly revised 52,419 in January but retreated from downwardly revised 61,651 in February 2016.
During the first-two months of 2017, there have been
107,958 non-commercial bankruptcy filings.
