In addition to falling from a month earlier and a year earlier, the number of consumer bankruptcy filings has retreated for three consecutive months.
Total bankruptcy filings during November, including commercial and non-commercial filings, came to 59,300, falling from 63,055 the prior month.
In addition to the month-over-month improvement, new bankruptcy filings were down on a year-over-year basis, off from 65,562 a year previous.
The statistics were reported by the Alexandria, Virginia-based American Bankruptcy Institute.
There were 2.51 total filings per thousand in U.S. population last month,
lower than 2.70 in October.
The November per-capita rate was highest in Tennessee: 5.65. After that was Alabama’s 5.52, then Georgia’s 4.76, Utah’s 4.15 and Illinois’ 4.14.
Consumer bankruptcies accounted for 56,392 of November 2016 filings.
Non-commercial filings fell from 60,015 a month earlier and have receded each month since August, when there were 65,296 filings.
In November 2015, consumer filings came to 63,251.
Historical data from ABI
indicates that there have been 680,630 consumer bankruptcies filed during the first-11 months of 2016.
