The number of consumers who resorted to bankruptcy fell for the second month in a row. But filings remained elevated versus a year ago.
Total U.S. bankruptcies filed, including commercial and non-commercial filings, worked out to 61,366 during July, dropping from an upwardly revised 66,789 the prior month.
Despite the month-over-month improvement, however, the number of new bankruptcy cases was slightly elevated from an upwardly revised 61,371 a year prior.
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From:: Financing