Mortgage Daily

Published On: July 6, 2016

The number of consumers to file bankruptcy was minimally higher on a month-over-month basis but down from a year earlier.

Consumers and businesses filed a combined 66,284 new cases in U.S. Bankruptcy Courts across the nation during June.

National bankruptcy filings were hardly changed from 66,094 a month earlier but were fewer than 69,772 twelve months earlier.

The 12,000-member American Bankruptcy
Institute reported the data Wednesday.

First-half 2016 per-capita filings were 2.56 filings per thousand in U.S. population.

Tennessee maintained its tight grip on the title of the state with the highest per-capita rate: 5.63.

Next was Alabama’s 5.37 per-capita rate, then 4.65 in Georgia, 4.29 in Illinois and 4.15 in Utah.

Zeroing in on just non-commercial bankruptcies, last month saw 62,990 new filings.

Consumer bankruptcy activity inched up from 62,736 in May.

But consumer activity retreated from an upwardly revised 67,330 in June 2015.

From Jan. 1 through June 30 of this year, non-commercial bankruptcy filings came to 379,025.

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