While the number of consumers who sought relief from their liabilities improved on a month-over-month basis, consumer bankruptcies turned higher from a year ago.
Including commercial and non-commercial filings, there were 60,287 new cases filed in U.S. Bankruptcy Court during the month of November.
Bankruptcies declined from the preceding month’s upwardly revised 64,601. But an ascension was recorded from an upwardly revised 59,349 the same month in 2016.
Source: Mortgage Daily
