lthough the volume of consumer bankruptcy filings turned higher on a month-over-month basis, a year-over-year reduction was recorded.

Including commercial and non-commercial activity, there were 58,336 debtors who filed a new case with U.S. Bankruptcy Courts in February.

Activity rose from an upwardly revised 55,237 the prior month. But a decline was noted compared to an upwardly revised 64,712 a year prior.

Source: Mortgage Daily