As the annual volume of new bankruptcies decreased for the eighth year in a row, monthly consumer filings declined to the lowest level in a decade.
Total bankruptcies that were filed during December 2017, including commercial and non-commercial filings, numbered 52,522.
That turned out to be fewer filings than 60,287 the preceding month. The number was also down from the upwardly revised 56,435 in the same month during 2016.
Source: Mortgage Daily