After ascending to the highest level in two years, the number of consumers who resorted to bankruptcy moved lower last month.
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collective 67,670 new commercial and non-commercial U.S. bankruptcy cases were filed during the month of April 2017.
The total tumbled from the previous month, when there were an upwardly revised 81,610 bankruptcy filings made.
Last month’s total was also lower than one year earlier, when there were 70,457 bankruptcy cases filed.
April 2017 saw 2.54 filings made per thousand in U.S. population.
The per-capita bankruptcy filing rate during April 2017 in Alabama was 5.81, the most of any state. No. 2 Tennessee’s rate was 5.65, then Georgia’s 4.73, Mississippi’s 4.16 and Illinois’ 4.13
Non-commercial bankruptcy filings came to 64,323 last month.
The total tumbled from a downwardly revised 77,890 in March 2017 — when filings were the highest they had been in 24 months. It also fell from an upwardly revised 66,957 in April 2017.
Based on previously reported data from the American Bankruptcy Institute, which delivered the latest numbers on Thursday, there have been a total of
250,171 consumer bankruptcies filed so far during 2017.
