Bankruptcy Filings Hit Lowest Number Since 2007

Bankruptcy filings continued their downward trend according to new statistics released July 28 by the Administrative Office of the U.S. Courts.

Bankruptcy filings for the 12-month period ending on June 30, 2015 dropped 12 percent compared to the prior 12-month period. The total number of bankruptcies is the lowest total for a 12-month period since the economic collapse of 2008. The 879,736 total bankruptcies is the first time the total has dipped below 900,000 since the 12-month period preceding December 2007.

On July 21, the AOUSC released its annual report of bankruptcy statistics under the Bankruptcy Abuse Prevention and Consumer ...