U.S. Courts: Bankruptcy Filings Drop 6 Percent in 2016, Lowest since 2006

From the U.S. Courts: Bankruptcy Filings Fall 5.9%, Reach Lowest Level Since 2006 During the 12-month period ending December 31, 2016, 794,960 cases were filed in federal bankruptcy courts, down from the 844,495 bankruptcy cases filed in calendar year 2015-a 5.9 percent drop in filings. This is the lowest number of bankruptcy filings for any calendar year since 2006, and the sixth consecutive calendar year that filings have fallen. However, it was the first calendar year since 2011 that the rate of annual decline was less than 10 percent. Click on graph for larger image. This graph shows the......(read more)

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