There were more consumers last month who resorted to the U.S. Bankruptcy Courts for relief from their creditors. Alabama had the highest rate of bankruptcy.

U.S. consumers and businesses collectively filed 64,579 new bankruptcy cases during October. Filings worsened from 60,024 a month earlier.

There was also deterioration on a year-over-year basis, with the total number of bankruptcy cases filed ascending from 63,082 a year earlier.>

Source: Mortgage Daily