Slightly fewer new bankruptcies were filed by consumers last month, and the improvement was even more impressive compared to a year earlier.
U.S. Bankruptcy Courts saw 77,884 combined new case filings by businesses and individuals during the month of April.
Bankruptcy filings
subsided from the previous month, when the total was 81,662. It was also fewer than in April 2014, a month that saw 88,163 filings.
The American Bankruptcy Institute reported the statistics on Monday.
Last month’s bankruptcy rate was 2.74 filings per thousand in population.
The per-capita rate was highest in Tennessee at 5.63 per thousand. Alabama’s 5.24 rate was next-worse, then 4.85 in Georgia, 4.66 in Illinois and 4.31 in Utah.
Non-commercial U.S. filings fell 5 percent from March to 75,272.
A far larger improvement has been made versus a year earlier, when consumer filings numbered 84,762.
So far this year, 273,585 consumer bankruptcies have been filed.
