Fewer of the nation’s consumers resorted to bankruptcy last month, though activity was heightened compared to the first month of 2016.

Collective commercial and noncommercial new cases filed in U.S. Bankruptcy Courts during the first month of the year totaled 55,212.

Volume slipped from an upwardly revised 56,414 filings in December 2016 but increased from an upwardly revised 52,560 in January 2016.

Source: Mortgage Daily