Mortgage Daily Logo
mortgage news from industry experts

Bankruptcy Filings Ease

Fewer consumers across the country resorted to bankruptcy last month. Among all states, Mississippi had the worst bankruptcy rate.

U.S. bankruptcy courts were hit with 73,295 new case filings, including commercial and non-commercial filings, during September.

Activity dipped from the previous month, when 75,170 new bankruptcies emerged, and made a more meaningful decline from 80,703 filings in September 2013.

The numbers were published by the American Bankruptcy Institute.

During the first nine months of the year, the per-capita rate was 3.03 filings per thousand in population.

Tennessee maintained the highest per-capita rate of all states: 6.31. Alabama trailed with a rate of 5.34 per thousand, then a rate of 5.29 in Georgia, 4.98 in Utah and 5.24 in Indiana.

September’s overall activity included 70,681 non-commercial bankruptcy filings.

Consumer filings declined from the previous month’s 72,467 filings.

In the same month during 2013, there were 77,275 non-commercial bankruptcies.

From Jan. 1 through Sept. 30, consumer bankruptcy filings amounted to 678,685.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts