It has been a year since the number of consumers who resorted to bankruptcy was as high as it was last month. Rising rates could strain consumers.

Between businesses and consumers, there were 75,992 new cases that were filed with U.S. Bankruptcy Courts during all of March 2018.

Last month turned out to be the busiest month for new bankruptcy filings since March 2017, when the number was an upwardly revised 81,632.

Source: Mortgage Daily