A month-over-month and year-over-year reduction in the number of new consumer bankruptcy cases was recorded for last month.

Including commercial and non-commercial activity, there were 63,697 new cases that were filed with U.S. Bankruptcy Courts during June.

Filings were off from 67,307 new bankruptcies previously reported for the prior month and an upwardly revised 66,832 filings a year prior.

Source: Mortgage Daily