Consumer bankruptcies fell 22% to 92,669 filings last month, compared to December, the American Bankruptcy Institute and the National Bankruptcy Research Center said Tuesday. Filings were down about 9% from the same month a year ago.
Monthly bankruptcy data isn’t adjusted for seasonal swings and there tend to be fewer filings at the beginning of the year. Still, the overall trend indicates that the rush of consumer bankruptcy filings appears to be slowing.
Consumer bankruptcies reached their highest level in five years in 2010 but experts predicted that filings would ease this year as Americans are less overwhelmed by their debt.
Posts
