Bankruptcy Filings for 2015 Lowest Since 2007

By Diane Davis, Bloomberg BNA

Bankruptcy filings during the 12-month period ending Dec. 31, 2015, dropped 9.9 percent, according to new statistics released Feb. 4 by the Administrative Office of the U.S. Courts (AOUSC).

The AOUSC’s statistics reveal that 844,495 cases were filed in federal bankruptcy courts during the 12-month period ending Dec. 31, 2015, down from the 936,795 bankruptcy cases filed in calendar year 2014.

This is the lowest number of bankruptcy filings for any 12-month period since 2007, and the fifth consecutive calendar year that filings have fallen, the AOUSC said.

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