More consumers resorted to bankruptcy last month than in the first month of the year, though a year-over-year decline was reported.

Including consumers and businesses, 56,694 new bankruptcy filings were made during February, increasing from 54,619 the prior month.

But the number of new cases that were filed with U.S. Bankruptcy Courts were down from February 2017, when the total was an upwardly revised 58,392.

Source: Mortgage Daily