Consumer bankruptcies worsened last month, with filings climbing to the highest level in four months. If the trade group for the bankruptcy industry has its way, more consumers will have access to bankruptcy.
New filings made in the nation’s bankruptcy courts came to 68,499 during August. The activity reflected both commercial and non-commercial activity.
Total filings jumped from one month previous, when there were an upwardly revised 62,223. The total was up slightly from an upwardly revised 68,231 in the same month last year.
Source: Mortgage Daily