Downward Trend Continues in Bankruptcy Filings

April 19, 2017, 9:31 PM UTC

Bankruptcy filings continue to fall with figures again showing that the pace of the decline is slowing.

Filings for the 12-month period ending March 31 fell 4.7 percent year over year, the Administrative Office of the U.S. Courts reported April 19.

Filings for the annual period totaled 794,492, compared to 833,515 for the year ending in March 2016.

The U.S. courts office releases annual comparisons each quarter. The filings decline reported in December was 5.9 percent, 6.3 percent in October and 6.9 percent last June.

“We may be approaching a new plateau soon, but it’s of course far too early ...

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