On both a month-over-month basis and a year-over-year basis, the number of consumers who resorted to the bankruptcy courts last month moved lower.

U.S. bankruptcy filings, including commercial and consumer activity, that were made during all of May came to 67,307 new cases.

Activity eased compared to the preceding month, when an upwardly revised 69,760 new bankruptcies were filed. In the same month last year, there were an upwardly revised 69,732 filings.

Source: Mortgage Daily