The number of consumers who resorted to bankruptcy last month tumbled both on a month-over-month and year-over-year basis to the lowest level in six months.
U.S. consumers and businesses collectively made 61,308 total bankruptcy filings during July, fewer than the upwardly revised 66,303 recorded for the prior month.
There was even a bigger decline compared to the same month last year, when the number of filings made in U.S. Bankruptcy Courts was an upwardly revised 71,875.
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From:: Financing