U.S. Bankruptcy Filings Fall 9% to Five-Year Low
From the Associated Press
Bankruptcy filings fell more than 9% in the last year and reached the lowest level in about five years, according to data released by the Administrative Office of the U.S. Courts.
During the 12-month period that ended June 30, there were about 1.5 million bankruptcy cases filed in federal courts, compared with more than 1.6 million in the year-earlier period.
There were 31,562 businesses that filed for bankruptcy, a 2.6% decrease compared with 32,406 a year ago.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
