Saturday, October 8, 2011

Personal Bankruptcies Decline

Personal bankruptcy filings continued to slow in September as Americans were less eager to turn to the courts for financial relief.

The number of consumer bankruptcies dropped 17% to 108,517 in September compared to the same month a year ago, the American Bankruptcy Institute and National Bankruptcy Research Center said Tuesday. So far this year, the number of consumer bankruptcies was 10% lower than the same time period a year ago.

Filings also fell 4% from a month earlier, though the numbers aren’t adjusted for seasonal fluctuations.

Read the rest of the article at the Wall Street Journal

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