New bankruptcy filings by consumers were down from a month earlier to the lowest level in seven months. Filings also retreated from a year earlier.
New bankruptcy cases that were filed by both businesses and consumers
during the month of September 2017 worked out to 60,001 — the fewest since February.
Activity eased compared to the preceding month, when there were a previously reported 68,117 new bankruptcy filings that were made.
Filings also retreated versus the same month last year, when an upwardly revised 64,635 cases were filed.
The American Bankruptcy Institute reported the latest month’s data Tuesday.
For the first-nine months of 2016, the per-capita bankruptcy filing rate was 2.53 filings per thousand in population, slightly lower than 2.55 as of year-to-date Aug. 31.
In Alabama,
the year-to-date per-capita rate was 5.79 — higher than in any other state. Next was Tennessee’s 5.62, then 4.72 in Georgia, 4.17 in Mississippi and 4.12 in Utah.
ABI reported 57,147 non-commercial bankruptcies were filed last month. Consumer activity fell from 64,862 in August and a downwardly revised 61,384 in September 2016.
From Jan. 1 2017, through Sept. 30, there have been 560,239 non-commercial bankruptcy filings.
