A sharp increase over the preceding month was recorded for U.S. consumers who resorted to the bankruptcy courts. But filings eased somewhat from a year ago.
Including commercial and non-commercial bankruptcies, there were 68,117 filings during August 2017. That was an 11 percent increase from the prior month.
But businesses and consumers filed fewer new cases compared to the same month last year, with a less than 1 percent year-over-year retreat recorded.
Source: Mortgage Daily